Mercedes-Benz denies plans to withdraw entry-level cars from US amid tariff concerns
Mercedes-Benz denies plans to withdraw entry-level cars from US amid tariff concerns

Mercedes-Benz denies plans to withdraw entry-level cars from US amid tariff concerns

News summary

Mercedes-Benz has denied reports suggesting it is considering withdrawing its entry-level models from the U.S. market due to impending 25% tariffs on auto imports, despite speculation from sources that these tariffs could make sales economically unfeasible. Bloomberg initially reported that the German automaker might cut sales of models like the GLA SUV as part of a broader tariff contingency plan. Mercedes-Benz has stated its intention to continue seeking sales growth in the U.S., although it is reportedly increasing inventory levels to preempt the tariffs. The European Union has also indicated it is prepared to retaliate against these U.S. tariffs, which could further complicate the situation for European automakers. The lack of clear guidance from the U.S. government is causing uncertainty among Mercedes-Benz executives regarding their future strategy in the market.

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Left 33%
Center 67%
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0
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Last Updated
7 hours ago
Bias Distribution
67% Center
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