Mercedes-Benz says it will focus on high-end cars to hike profits

Reuters

Published Jul 23, 2020 04:15AM ET

Updated Jul 23, 2020 04:35AM ET

FRANKFURT (Reuters) - Daimler (DE:DAIGn) Chief Executive Ola Kaellenius on Thursday said the company's Mercedes-Benz luxury brand will seek to develop its high-end luxury vehicle segment as a way to hike profits.