Mercedes denies reports discussed selling van business According to Reuters

© Reuters. FILE PHOTO: The Mercedes-Benz logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski/File Photo

FRANKFURT (Reuters) – Mercedes-Benz denied a German media report that it was considering selling its truck business as the automaker plans to place more strategic weight on its vehicles. high-class.

Weekly director Magazin on Thursday said the possibility of a sale of the truck business – previously considered sacrosanct – was being discussed as a last resort, citing supervisory board sources.

“This is pure speculation which we explicitly deny,” a company spokesperson said when asked to respond to the report.

In May, Mercedes-Benz said it would focus more narrowly on the luxury segment and cut out some lower-margin luxury models, part of a plan to invest 75% in premium vehicles. and the best-selling C-segment. -Class and E-Class models.

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