Mercedes-Benz not planning any acquisitions, CEO says

mercedes-benz-not-planning-any-acquisitions,-ceo-says

Stock Markets 1 hour ago (Sep 23, 2022 06:21AM ET)

Mercedes-Benz not planning any acquisitions, CEO says © 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

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.

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