Mercedes-Benz withdraws fully from Russia – Muricas News

The German carmaker Mercedes-Benz sells its Russian enterprise fully. The gross sales firm and the automotive meeting plant with greater than 1,000 staff are to be offered to the Russian investor Avtodom.

Within the first half of the 12 months, the suspension of enterprise in Russia in response to the Ukraine conflict and the related EU sanctions led to bills of 700 million euros for the automotive firm. Since there are not any different results, Mercedes expects neither depreciation nor earnings from the sale.

In response to information from the European Enterprise Affiliation AEB, round 9,500 new automobiles from the model with the star had been delivered in Russia from January to September. In response to the corporate, these are primarily automobiles from supplier shares, since Mercedes stopped its personal gross sales in March.

The German firm has elevated its working revenue within the third quarter by leaps and bounds worldwide with a pointy rise in gross sales. From July to September, the group earned 5.2 billion euros earlier than curiosity and taxes. That was 83 % greater than in the identical interval final 12 months, when the shortage of chips slowed deliveries. The revenue thus exceeded expectations. Gross sales elevated by 19 % to 37.7 billion

The French automotive firm Renault lately offered its Russian enterprise for one ruble.