To coincide with its rebranding to Daimler Mobility AG, the captive lender formerly known as Daimler Financial Services intends to continue expanding its mobility services, with an emphasis on ride-hailing, Harald Wilhelm, member of the board of management for finance and controlling and Daimler Mobility, said during the company’s second-quarter earnings call.
Daimler Mobility will be responsible for providing financing, leasing, insurance and fleet management for the entire Daimler Group, part of a plan announced nearly a year ago. Daimler Mobility will be responsible for the captive’s five joint ventures launched in February 2019, which include ride-hailing, carsharing, on-demand mobility, parking and EV charging. Through June, 75 million people have completed 269 million transactions with these services.
Subsidiary Mercedes-Benz Financial Services will maintain its name.
Daimler Mobility’s second-quarter originations were flat on a year-over-year basis, at $20.5 billion, and the company’s overall portfolio increased 7% to $174.3 billion.
