Newly minted Daimler Mobility to focus on ride-hailing | Auto Finance News | Auto Finance News

Newly minted Daimler Mobility to focus on ride-hailing

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.

  Like This Post