Tag: Mercedes Benz
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Ukraine: Mercedes Benz to sell Russian assets
German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said on Wednesday. Mercedes-Benz becomes the latest automaker to exit Russia since Moscow sent troops to Ukraine. “Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor,” Avtodom, the ministry…
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Mercedes Recalls Almost 1 Million Cars Over Faulty Brakes
German carmaker Mercedes-Benz is recalling almost 1m older vehicles from around the world because of potential problems with their braking system. Over the weekend, the company said it will contact owners of the vehicles as their brakes may be affected by what it called “advanced corrosion”. The recall affects a total of 993,407 vehicles,…