Mercedes-Benz not planning any acquisitions, CEO says
2:11 pm Friday, September 23rd, 2022
BERLIN (Reuters) – Mercedes-Benz is not currently looking at acquisitions as a means to carry out its strategy of repositioning the carmaker as a luxury firm, chief executive Ola Kaellenius said on Friday.
“There are no acquisitions on the cards,” Kaellenius said in response to a question over whether Mercedes-Benz Vans’ newly announced partnership with electric van maker Rivian could be a first step to a takeover.
(Reporting by Victoria Waldersee, editing by Rachel More)
