Daimler AG Looking To Sell Part Of Retail Network-DJ

Sunday, 26 May 2013 10:31am EDT 

Dow Jones reported that Daimler AG is considering selling parts of its German retail network in an effort to cut costs, a German automotive publication said Sunday. A private equity fund is considering a bid for significant parts of the retail network, the report from Automobilwoche said. Media reports have also mentioned U.S. based Penske Automotive Group as a possible buyer. The German automaker plans to combine some sites and close other locations, but it is not considering selling the entire network, the report said. 

Company Quote

0.65 +0.94%
23 Dec 2014