Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not apply.

Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not apply.

The German automaker's two largest shareholders — a Chinese state-owned company and a Chinese billionaire — together hold nearly 20% of its parent company

A new bipartisan bill could prevent Mercedes-Benz from selling vehicles in the US.

Bill would ban automakers tied to U.S.-designated adversaries, including China, Russia and North Korea, from making, selling or importing vehicles into the U.S. for five years