Mercedes Benz mulls diversification into defence - BNN Bloomberg
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Article Excerpt
BERLIN, Germany - The CEO of German automaking giant Mercedes-Benz has said he has not ruled out entering the defence industry.
“The world has become more unpredictable, and I think it is quite clear that Europe needs to strengthen its defence capabilities,” CEO Ola Kaellenius said in an interview with The Wall Street Journal published Friday.
“If we are able to play a positive role in this area, we would be ready to do so,” said Kaellenius, a German-Swedish national.
His remarks come amid Germany beefing up its military capacity in response to Russia’s invasion of Ukraine in February 2022.…
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Jun 6, 2026