FRANKFURT — Mercedes-Benz denied a German media report that it was weighing a sale of its vans enterprise because the automaker plans to place extra strategic weight on high-end autos.

The weekly Supervisor Magazin on Thursday mentioned a potential sale of the vans enterprise – beforehand seen as unlikely – was being mentioned as a measure of final resort, citing supervisory board sources.

“That is pure hypothesis which we expressly deny,” an organization spokesperson mentioned when requested to answer the report.

Mercedes mentioned in Could it could focus extra narrowly on the luxurious phase and lower out some entry-level fashions with decrease margins, a part of a plan to place 75 % of funding into top-end autos and its highest-selling phase of C-Class and E-Class fashions.