Mercedes-Benz puts plans for new Russian car plant on hold

Mercedes-Benz  has suspended plans to build a new car plant  in the  Russian oblast of Vladimir, the region’s director Sergey Borodin announced today. The German car maker had decided to put its plans on hold because of the sanctions, he said. Discussions over the possibility of building new facilities had been going on since the beginning of the year. 

Source: OG