None
EN
Mercedes' mixed bag: Upbeat Q2 results come as German automaker could face US sales ban
['Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Mercedes-Benz (MBG.DE) reported decent results on Tuesday, highlighting strength in its core business but continuing weakness in China.
The report comes as the German automaker's US business is under threat of a ban due to ownership stakes by Chinese companies.
But the good news in its operations comes at a tricky time for Stuttgart-based Mercedes.
Billionaire Li Shufu, founder and chair of Geely, holds a 9.69% stake in Mercedes through his Tenaciou3 Prospect Investment Limited.
If passed, the bill would ban the sale of vehicles like Mercedes-connected cars starting in 2027.