Deals
Daimler Looks at Selling Dealerships Amid Moves to Raise Margins
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Daimler AG, the maker of Mercedes-Benz vehicles, is considering scaling back its domestic retail organization and ending production of electric-car battery cells in a revived push to reach a profitability goal.
The third-biggest producer of luxury cars presented plans to sell 36 auto-sales outlets in Germany that employ 1,500 people, Daimler’s works council said in a statement today. The manufacturer is looking at shutting its Li-Tec battery-cell plant in Kamenz, Germany, by 2016 and shifting to an outside supplier, Manager Magazin reported separately, citing unidentified people at the Stuttgart-based carmaker.