Quartz·2 min read·medium
Senate panel approved a bill that could ban Mercedes-Benz alongside Chinese automakers
✦AI Summary
A proposed U.S. Senate bill aimed at vehicle security could inadvertently impact Mercedes-Benz due to its foreign ownership structure. The legislation sets a 15% foreign-ownership threshold for connected vehicle technology.
The Connected Vehicle Security Act sets a 15% foreign-ownership threshold that could ensnare Mercedes-Benz, which has nearly 20% Chinese investment
politicsbusinesstechnology
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