Mercedes-Benz Bank to Launch Subscription Service

The financial arm of Mercedes-Benz said today that it will soon launch a subscription service called “Mercedes me Flexperience.” Mercedes said the pilot program will be launched through its Mercedes-Benz Bank in Europe “in the next few weeks.” In January, reports surfaced that Mercedes-Benz was planning to pilot a car subscription service this year. Mercedes me […]
  • William Hoffman
  • March 8, 2018
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BMW’s First Loan Issuance in 2 Years Provides Portfolio Insights

BMW Financial Services issued its first North American securitization deal in two years, and the parameters of the transaction reflect the rising loan term environment seen across the industry. BMW’s 2018-A transaction backed by $1.4 billion in auto loans has the highest average loan term — 63 months — of any of its issuances dating […]
  • William Hoffman
  • January 16, 2018
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Mercedes-Benz Financial to Construct New Fort Worth Operations Center

Mercedes-Benz Financial Services announced plans to construct a new national business operations center in Fort Worth, Texas, not far from its current location. Construction on the 200,000-square-foot facility is slated to begin in early 2018 in the business park of AllianceTexas. The building is scheduled to open in early 2019 and will retain 900 direct […]
  • William Hoffman
  • December 13, 2017
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MBFS Seeks Involvement From Customers for Tech Developments

LAS VEGAS — Mercedes-Benz Financial Services is slated to launch a “customer insight community” within the next year, designed to engage current and former customers throughout the captive’s entire idea-to-prototype technology development process, Chief Digital Officer Rodolfo Dominguez said at the 2017 Auto Finance Summit. While Dominguez did not share specific ideas or prototypes that […]
  • Natalie Mattila
  • November 3, 2017
  • 0

Daimler AG Prepares for Corporate Overhaul

Daimler AG provided more insight into plans for its largest corporate overhaul in a decade, giving more independence to Mercedes-Benz Cars & Vans, Daimler Trucks & Buses, and the existing legally independent Daimler Financial Services AG, the company said Monday in a statement. While the overhaul was first proposed in July, neither the Board of Management nor the Supervisory […]
  • Emma Sandler
  • October 17, 2017
  • 0

AutoGravity Adds Real-Time Inventory Amid Financing Milestone

On the heels of reaching a milestone $1 billion of requested financing on AutoGravity, the startup is introducing real-time inventory on new and used cars for partnered dealership groups, the company announced in a press release this morning.   Prior to the integration, consumers were only able to browse through catalog models of the brands, […]
  • William Hoffman
  • September 27, 2017
  • 0
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