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Mercedes-Benz CEO Says EU's Additional Restrictions Would Affect Production Costs

MT Newswires·10/21/2026 05:52:03
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05:52 AM EDT, 10/21/2026 (MT Newswires) -- Ola Källenius, chief executive of Mercedes-Benz Group (MBG.F), said the European Union's restrictions on the automotive sector to protect local industry would further increase production costs, Bloomberg News reported Wednesday. Speaking at the Berlin Global Dialogue, Källenius said automakers source parts globally and that additional trade barriers would increase costs and disturb global supply chains.