Mercedes-Benz not planning any acquisitions, says CEO

Mercedes-Benz is not currently looking at acquisitions as a means to proceed with its strategy of repositioning the automaker as a luxury firm, CEO Ola Kaellenius said on Friday.

“There are no acquisitions on the cards,” Kaellenius said in response to a question over whether Mercedes-Benz Vans’ recently announced partnership with electric van maker Rivian could be a first step to a takeover.

This month, Mercedes-Benz and Rivian signed a Memorandum of Understanding for a strategic partnership and joint production of electric vans with the aim to set the standard in sustainable and all-electric transportation.