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July 22, 2026
Senate Committee Advances Bill That May Impact Mercedes-Benz Sales
- The Motor Vehicle Modernization Act of 2026 sets a 15% Chinese ownership threshold.
- Mercedes-Benz's two largest shareholders are Chinese, potentially making it subject to the ban.
- Senator Ted Cruz emphasized the need to amend the bill to avoid banning Mercedes-Benz.
- The bill aims to protect U.S. national security by restricting Chinese vehicle technology.
3 Sources
- US Senate panel to vote on Chinese vehicle crackdown billJul 22, 2026 at 11:37 AM · Reuters
- US Senate panel approves bill to crack down on Chinese vehiclesJul 22, 2026 at 3:42 PM · Reuters
- Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.Jul 22, 2026 at 5:52 PM · CNBC