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

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

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

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

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

Mercedes-Benz R&D Scoops Up Rideshare FlightCar

FlightCar, a rideshare startup that allowed people parking at the airport to rent their vehicles to approved traveling members, abruptly shut down services on Thursday, after its technology platform was acquired by Mercedes-Benz Research & Development North America. “Our technology will now be a part of the Business Innovation division at MBRDNA, the innovation lab […]
  • Larissa Padden
  • July 20, 2016

Buyers Stick With Longer Loans, New Cars, Despite Higher Sticker Prices

On paper there’s cause for concern that higher sticker prices on new cars could drive customers to settle for used cars, but in practice, dealers and lenders say longer terms and leasing continue to move the metal, and high used-car prices also discourage buyers from switching. In addition, several dealers including some of the publicly […]
  • Jim Henry
  • November 7, 2015