The cost of Mercedes-Benz due to the suspension of supply to Russia amounted to 1.4 billion euros.
MOSCOW, July 27 – RIA Novosti. German automaker Mercedes-Benz received an additional cost of 1.4 billion euros due to the suspension of production and deliveries in Russia.
In early March, Mercedes-Benz announced the suspension of automobile production at its plant in the Moscow region and the suspension of deliveries of the brand’s passenger cars and light vehicles to the Russian market.
In the first half of the year, the company’s net profit decreased by 16% to 6.6 billion euros, and in the second quarter by 13.6% to 3.107 billion. At the same time, the company estimated the costs associated with the adjustment of activities in Russia at 1.4 billion euros.
Mercedes-Benz Group AG (formerly Daimler AG) is one of the world’s largest automobile manufacturers. It was founded in 1883, in 1926 it became a joint stock company Daimler-Benz. In 1998, Daimler Chrysler AG was formed as a result of a merger with the American automobile company Chrysler. In 2007, the automotive giant was renamed Daimler again.
With a passion for storytelling and reporting, I am an experienced writer and Editor with a focus on sports. As an Author at News Unrolled, I write engaging stories on the latest developments in the world of sports. My articles have been featured on numerous global media outlets and my work has been highly praised by renowned editors.