Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Mercedes, is a German luxury automotive brand. In 2018, Mercedes-Benz was the largest seller of premium vehicles in the world, having sold 2.31 million passenger cars.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Germany
Automotive

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Staff(RF), 2021
1000
Glob.Revenue, mln.USD
169584

Mercedes is selling its procation in Russia according to Kommersant, on 26/10/2022 announced its intention to leave the Russian market. Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been granted official approval. Group of companies "Avtodom" announced the closing of the transaction on the acquisition of the Russian assets of Mercedes-Benz. At the same time, it was previously reported that Mercedes agreed with the new owner of assets in Russia on a repurchase option, which can be implemented, but on the condition that sanctions are lifted. Mercedes-Benz disconnected Russian dealers from the software. JSC "MB RUS" continues to sell Mercedes cars in Russia.

The Company Statement
April 19, 2023

Mercedes-Benz will suspend the export of passenger cars and vans to Russia as well as the local manufacturing in Russia until further notice, but is selling its production in Russia. Mercedes on 26/10/2022 announced its intention to leave the Russian market. Stopped manufacturing and exporting and will sell shares in subsidiaries. Putin Gives Mercedes Approval to Sell Russian Financial-Services Business. Final sale of financial-services and industrial assets is expected by the end of February 2023. The deal is closed in April 2023. Mercedes-Benz and BMW disconnected Russian dealers from the software.

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Statements Archive
October 10, 2024China's Chery takes over Russian car plants left by Western rivals
June 24, 2024Assembly of Exeed at the former Mercedes plant in the Moscow region will begin in July
May 03, 2024"Best purchase." Russian car dealer earned 16 billion rubles from purchasing Mercedes assets
December 12, 2023Delivery times for auto parts to Russia have increased to one and a half years due to sanctions
December 11, 2023JSC MB RUS continues to sell Mercedes cars in Russia
December 11, 2023Belarus supplies Western premium-class cars to Russia to circumvent sanctions, - investigation
November 15, 2023We’ve arrived: foreign cars have begun to be blocked in Russia without software
August 14, 2023Mercedes-Benz and BMW disconnected Russian dealers from the software
August 14, 2023Mercedes-Benz disconnected Russian dealers from the software
April 25, 2023Dealer "Avtodom" closed the deal to acquire the Russian assets of Mercedes
April 19, 2023Dealer Avtodom became the owner of the Mercedes plant in Russia
February 06, 2023Putin Gives Mercedes Approval to Sell Russian Financial-Services Business
December 08, 2022Yale's SOM List
November 03, 2022Why Mercedes-Benz Has Joined The Long List Of Automakers To Exit The Russian Market
October 26, 2022Mercedes announced its intention to leave the Russian market
October 26, 2022Mercedes-Benz becomes latest Western company to pull out of Russia
August 11, 2022Mercedes swerved off the straight
June 26, 2022Mercedes gets a dealer
June 26, 2022Mercedes-Benz to quit Russian market, sell shares to local investor
March 02, 2022Mercedes-Benz will suspend the export of passenger cars and vans to Russia as well as the local manufacturing in Russia until further notice.
September 02, 2021Mercedes-Benz halts export to and production in Russia
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