Mercedes-Benz has confirmed that it will withdraw from the Russian market, pending the sale of its regional financial and industrial businesses.
It's currently in talks with Avtodom, a chain of Russian car dealers, and local media has reported that the deal may include a buy-back clause.
Nissan and Renault previously negotiated six-year buy-back clauses in the sale of their Russian assets, which would allow them to re-enter the region following an end to Russia's war on Ukraine.
The sale isn't expected to have a significant effect on the Mercedes-Benz Group’s financial positioning, said chief financial officer Harald Wilhelm.
