Daimler Financial Grew Portfolio 6% in 2017 Amid Mobility Push

Daimler Financial Services grew its portfolio 6% year over year to $174.6 billion USD (139.9 billion Euro) in 2017, amid the company’s strong push into mobility services, according to the company’s fourth-quarter earnings released today. The captive originated 1.9 million new financing and leasing contracts in 2017, a 14% year-over-year increase from the year prior. […]
  • Emma Sandler
  • February 1, 2018
  • 0

Daimler Financial Targets Boost in Mobility Presence With New Execs

Daimler Financial Services — which operates Daimler AG’s mobility services — is expanding its mobility ambitions with a joint venture investment and two new executive positions. Daimler Mobility Services and Mercedes-Benz Vans are forming a joint venture with New York City-based startup Via, along with a $50 million dollar investment from Mercedes-Benz Vans. The joint venture […]
  • Emma Sandler
  • September 5, 2017
  • 2

Daimler AG Strategizes Splitting up Mercedes Divisions

Daimler AG is working on a corporate holding structure that could see Mercedes-Benz Financial Services broken out into a separate entity before the company’s annual general meeting on April 5, 2019, according to a new interview with chief executive Dieter Zetsche and chief financial officer Bodo Uebber. In the interview — from German business magazine […]
  • Emma Sandler
  • September 1, 2017
  • 3

Daimler Invests in Mobility for Boon in Financial Services Division

Daimler Financial Services is looking to grow its portfolio by more than 5.5% through 2020, largely driven by its investments in mobility, according to the company’s second-quarter earnings report. The OEM intends to spend 15.2 billion Euros on the development of mobility in 2017 and today the company serves 14.5 million people worldwide through a […]
  • William Hoffman
  • July 31, 2017
  • 0

Daimler Performs Test of Blockchain in $114MM Transaction

Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial transactions across the company.     Normally, a transaction like this would take roughly 10 weeks for a bank to work as the administrative intermediary between […]
  • William Hoffman
  • June 30, 2017
  • 1

PayCash Gives Daimler Options for Expansive Mobility Finance

Why would Daimler AG acquire PayCash Europe SA yesterday? After all, Daimler has a full suite of payment solutions already, including in-vehicle payments for Mercedes-Benz Financial Services. We see two benefits: APIs and an e-money license.
  • JJ Hornblass
  • January 18, 2017
  • 0
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