Daimler Mobility slows origination volume to preserve cash | Auto Finance News | Auto Finance News

Daimler Mobility slows origination volume to preserve cash

Michaela Handrek-Rehle/Bloomberg

Daimler Mobility is tightening its origination volume as its parent Daimler AG shifts gears to full cash-preservation mode, said Harald Wilhelm, who serves on Daimler’s board of management and oversees finance, controlling and Daimler Mobility, in an investor relations webcast today. The captive’s total originations clocked in just shy of $30 billion in the U.S. […]

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