- A bill that would ban automakers with more than 15% stake by Chinese entities has progressed in the Senate.
- One automaker caught up in the crossfire is Mercedes-Benz, which has a nearly 20% stake held by Chinese investors.
- U.S. lawmakers say General Motors and the UAW are pushing for the low ownership threshold.
Bipartisan legislation that would bar automakers with more than 15% ownership by Chinese entities from selling cars in the U.S. made it out of the U.S. Senate Commerce Committee on Wednesday.
