Mercedes-Benz to sell its plant in Russia

The German carmaker Mercedes-Benz will sell its car manufacturing plant in the Moscow region of Russia, Report informs via Kommersant.

The buyer can be a Russian dealer of Avtodom company. Mercedes said that the company is considering various options for establishing a business in the Russian Federation.

Before that, it was reported that Mercedes-Benz distributor Mercedes-Benz Rus wanted to sell its property to one of the Russian dealers and discussed transferring the distributor's rights to them.

If a Russian company buys the plant, it will not be able to use it to assemble German cars, as this requires supplies from a large number of authorized component manufacturers, which is impossible without the support of headquarters.

The Mercedes-Benz report for the second quarter noted the risks of confiscation of its assets in Russia, and the business loss in the passenger segment in the country in January-June is estimated at 658 million euros.