Mercedes-Benz faces potential US ban under new Senate bill

Mercedes-Benz could face a potential U.S. sales ban under a new Senate bill targeting Chinese-owned automakers. The Senate Commerce Committee approved the measure last week. It would prohibit selling vehicles in the U.S. by companies where Chinese entities hold a 15% stake or more; Reuters reports Mercedes has nearly 20% in passive Chinese investment. The sponsor, Republican Sen. Bernie Moreno of Ohio, said the bill aims to protect the industrial base, and Mercedes would have until 2030 to comply, with the option to seek a waiver. Sen. Ted Cruz argued the restriction would require changes and accused General Motors of supporting the provision to benefit Cadillac; GM denied targeting Mercedes.