Mercedes-Benz has become a bit smaller this week after the management has approved the sale of the truck manufacturer Kamaz.
Mercedes is the latest in a long line of Western car brands to leave Russia altogether. This week, the management has sold the group's stake in the truck manufacturer Kamaz.
The German automaker says the deal was struck this month. But they will not comment on the price or other aspects of the agreement. Therefore, it is also uncertain who the buyer is.
Reuters writes that.
However, Mercedes states that the sale complies with all applicable regulations. Mercedes-Benz AG, which in 2021 was called Daimler AG, took over a 15 percent stake in Kamaz from Daimler Trucks in September of the same year.
READ ALSO: 4,000 cars from Fisker are being investigated for a new critical fault
The goal was to sell the ownership back to Daimler Truck, the world's largest manufacturer of commercial vehicles, as early as December 2021.
Here, the truck manufacturer was separated from the parent company Mercedes. But that agreement was not reached, because Kamaz was sold again.
Other car brands have long since withdrawn from Russia. So much so, in fact, that the Russians are now complaining that they can only buy Chinese cars built under license. At least officially.
Back in January, Hyundai withdrew completely from Russia. However, several car brands have ensured that they can come back again, which Renault did, among other things. when the group sold Lada for 10 ore. Read more about it here .
