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Mercedes-Benz Considers Entry Into Defense Manufacturing
The chief executive of the German automotive group, Ola Källenius, said the company is considering expanding its business into the defense technology segment.
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Anna Kuznetsova
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Mercedes-Benz may begin producing products for the defense sector, according to the company's chief executive Ola Källenius. He added that defense operations would constitute only a small share of the company's overall business compared to the production of passenger cars and commercial vehicles.
The move by the German automaker reflects growing interest among European industrial companies in the weapons segment amid rising tensions in Europe and the need to strengthen defense capabilities.