Automakers

Russia's threat to nationalize assets could cost auto industry billions

Mercedes Russia-MAIN.jpg
Mercedes-Benz spent $275 million to open a state of the art plant near Moscow in 2019 to produce the E-Class sedan and SUVs. (MERCEDES-BENZ)
March 24, 2022 03:21 PM

Russian President Vladimir Putin is considering seizing the assets of companies that have left the country in response to its invasion of Ukraine, putting billions of dollars in automotive assets at risk.

Staying current is easy with newsletters delivered straight to your inbox.