Rise of Speculative-Grade Auto ABS Causes Concern, S&P Says

The level of speculative-grade ABS outstandings is six times greater this year than it was in the lead up to the Great Recession in 2006, according to Amy Martin, S&P Global Ratings’ sector lead in U.S. auto ABS. It’s a stat that highlights why “caution is warranted,” in subprime deals today, she said during a […]

• Auto Finance News
• October 4, 2018
• Capital Markets, Risk

FCA Jumps into Subscription Market With Jeep, Mercedes-Benz Reveals Pricing

On the heels of announcing plans to form its own U.S. captive, Fiat Chrysler Automobiles will launch a subscription program called Jeep Wave — a membership program offering drivers the ability to switch between vehicles for a single monthly fee. Making its debut in 2019, Jeep’s program will offer vehicles in “good, better, and best” tiers, […]

• Nicole Casperson
• June 6, 2018
• Operations, Strategy

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
• Asia, Earnings, Innovation & Mobility, Technology

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
• Innovation & Mobility, Operations, Strategy, Technology

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
• Innovation & Mobility, Operations, Strategy

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
• Earnings, Innovation & Mobility

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
• Innovation & Mobility, Technology

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
• Innovation & Mobility, Technology