What’s the deal with Mercedes Finance?
In 2016, the foundation finance of Mercedes-Benz Group F, a global automotive brand, became an issue when Mercedes-AMG announced that it was to acquire the Mercedes-Ferrari Group, a French carmaker.
The takeover, which had been agreed by the French government in 2018, was not approved by the German government.
The deal was eventually abandoned after Mercedes-AMP said that the takeover was “not in the best interest of the company”.
Mercedes- AMG, in its statement, said it was “deeply disappointed” by the announcement.
“We believe that Mercedes-Amp is a strategic partner of our company,” it said.
“Mercedes-AMg and the FCA will continue to work together in the interests of the Mercedes brand.”
Mercedes-amp Group also has a stake in Ford Motor Group.
In a statement, the company said it “reaffirms its commitment to invest in the automotive industry and in the long-term future of the brand and we welcome the opportunity to continue our relationship with Ford”.
Mercedes AMG has been accused of a number of corruption scandals in the past, including bribery and tax evasion, and the company’s stock has plunged in recent years.
It is currently owned by a group of shareholders led by former Chinese state-owned company China Railway Group.
The German company has also been accused by the European Commission of having “a systemic failure of governance” at its headquarters in Frankfurt.
In May 2018, the European Parliament passed a resolution calling on Germany’s Federal Financial Supervisory Authority to investigate whether Mercedes-amg Group F “violated the rules of the German financial markets, in particular the state-level financial markets”.