Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not apply.
  • msfroh@lemmy.caEnglish
    11·
    11 hours ago

    While the article focuses on Mercedes-Benz, as a Volvo owner, I was immediately concerned about what will happen when my lease is up.

    Buried at the bottom of the article are these three paragraphs:

    Volvo, which is majority-owned by Shufu’s Geely, said on Tuesday that it received specific authorization from the U.S. government to bypass federal bans restricting connected vehicle software and hardware linked to China.

    Volvo confirmed its special authorization but did not immediately respond to questions about the other bills and their potential impact on the company.

    Volvo Cars sold 121,600 vehicles in the U.S. last year. Mercedes-Benz sold 303,200 passenger cars and 12,400 vans in the country during the same period.