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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 organization as the automaker plans to place far more strategic weight on superior-conclusion autos.
The weekly Supervisor Magazin on Thursday mentioned a doable sale of the vans organization – formerly observed as sacrosanct – was being talked over as a measure of past vacation resort, citing supervisory board resources.
“This is pure speculation which we expressly deny,” a company spokesperson mentioned when questioned to answer to the report.
Mercedes-Benz stated in Might it would focus extra narrowly on the luxurious phase and cut out some entry-stage styles with lower margins, component of a system to set 75% of expense into top-conclusion autos and its best-promoting section of C-Class and E-Class styles.
(This story corrects typo in headline)
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Reporting by Ilona Wissenbach and Ludwig Burger Modifying by Jon Boyle
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