Mercedes-Benz has announced that it is willing to sell the dealerships and workshops it currently owns in Germany.
"After very positive experiences in various European markets, we are now also examining how we can set up our Group-owned retail branches more independently in Germany," the carmaker said in a written statement.
"A potential sale to experienced and renowned dealer groups is being evaluated and cannot be ruled out," it added.
The German publication Handelsblatt first published the assessment. It is expected that the actions will be approved on Friday by Mercedes-Benz's supervisory board.
In a statement, Mercedes-Benz ruled out branch closures, stating that "each branch will be examined individually and on a branch-specific basis" as this was not the subject of the investigation.
The Handelsblatt reported that the evaluation would cover 20 branches, 80 dealerships, and 8,000 employees. Each branch is thought to have a potential value of up to 40 million euros, or $43.50 million.
The carmaker said that in addition to holding onto job guarantees in Germany, potential buyers must bring "automobile retail expertise" to the table.
"The aim is to secure the long-term sustainability of regional jobs as well as the existence and competitiveness of the branches."
In the past, Mercedes-Benz has sold showrooms in the Czech Republic, Belgium, Italy, Spain, and the United Kingdom.
(Source:www.marketscreener.com)
"After very positive experiences in various European markets, we are now also examining how we can set up our Group-owned retail branches more independently in Germany," the carmaker said in a written statement.
"A potential sale to experienced and renowned dealer groups is being evaluated and cannot be ruled out," it added.
The German publication Handelsblatt first published the assessment. It is expected that the actions will be approved on Friday by Mercedes-Benz's supervisory board.
In a statement, Mercedes-Benz ruled out branch closures, stating that "each branch will be examined individually and on a branch-specific basis" as this was not the subject of the investigation.
The Handelsblatt reported that the evaluation would cover 20 branches, 80 dealerships, and 8,000 employees. Each branch is thought to have a potential value of up to 40 million euros, or $43.50 million.
The carmaker said that in addition to holding onto job guarantees in Germany, potential buyers must bring "automobile retail expertise" to the table.
"The aim is to secure the long-term sustainability of regional jobs as well as the existence and competitiveness of the branches."
In the past, Mercedes-Benz has sold showrooms in the Czech Republic, Belgium, Italy, Spain, and the United Kingdom.
(Source:www.marketscreener.com)
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