Sign up now for Cost-free endless accessibility to Reuters.com
FRANKFURT, June 23 (Reuters) – Mercedes-Benz (MBGn.DE) denied a German media report that it was weighing a sale of its vans small business as the automaker strategies to place a lot more strategic body weight on superior-conclusion vehicles.
The weekly Manager Magazin on Thursday mentioned a possible sale of the vans company – beforehand found as sacrosanct – was staying talked about as a evaluate of last vacation resort, citing supervisory board resources.
“This is pure speculation which we expressly deny,” a business spokesperson mentioned when questioned to react to the report.
Mercedes-Benz stated in May it would target extra narrowly on the luxurious section and cut out some entry-degree products with reduce margins, component of a prepare to put 75% of expense into best-finish vehicles and its optimum-providing segment of C-Course and E-Course styles.
(This story corrects typo in headline)
Sign up now for No cost endless entry to Reuters.com
Reporting by Ilona Wissenbach and Ludwig Burger Modifying by Jon Boyle
Our Criteria: The Thomson Reuters Rely on Concepts.