INSUBCONTINENT EXCLUSIVE:
German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian Industry and Trade Ministry said
Wednesday, becoming the latest automaker to exit since Moscow sent troops to Ukraine."Mercedes-Benz intends to sell its shares in Russian
subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement."The new owner of the Russian divisions of
Mercedes-Benz, Avtodom, will be able to attract other companies as partners for joint productions," the ministry added.Mercedes-Benz
as well as the preservation of jobs for employees of the Russian divisions of the company" were the priority in concluding the deal with
Moscow launched what it calls a "special military operation" in Ukraine on Feb
