Newly minted Daimler Mobility to focus on ride-hailing

Neuer Name Daimler Mobility unterstreicht den strategischen Anspruch des Geschäftsfelds, zukünftig maximal flexible Mobilitätslösungen umfassend anbieten zu wollen. New name Daimler Mobility underlines the strategic standard the business division has set for itself: to offer comprehensive flexible mobility solutions in the future.

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.

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