US panel approves ban on Chinese cars

The Senate Commerce Committee has approved legislation aimed at tightening restrictions on Chinese automobile companies entering the U.S. market. This could threaten Mercedes-Benz's sales due to Chinese investments amounting to approximately 20%. The law stipulates a ban on the sale of vehicles where more than 15% of ownership is held by Chinese entities, with a deadline until 2030 for Mercedes-Benz to comply and the possibility of exemptions. This development is part of Washington's efforts to curb Chinese influence in the automotive industry, especially following regulations that effectively prevent Chinese cars from being sold in the U.S. market on security grounds.

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