July 22 (Reuters) – The U.S. Senate Commerce Committee approved legislation to toughen a U.S. government ban on Chinese automakers entering the American market that could potentially bar Mercedes-Benz from selling vehicles in the United States.
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Senator Ted Cruz, the chair of the committee, warned that without changes, the bill’s provision that would ban companies with more than 15% ownership of Chinese entities would bar Mercedes-Benz from selling vehicles in the United States because of its nearly 20% Chinese investment. Senator Bernie Moreno said Mercedes-Benz would have until 2030 to comply and could still get waivers if needed.
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(Reporting by David Shepardson)
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