Mercedes denies report that it has discussed sale of van business

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The Mercedes-Benz logo is pictured at the 2019 Frankfurt Motor Exhibit (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski/File Image

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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)