2011 turning into a record year for new business, contract volume and EBIT. Chairman Klaus Entenmann: “We will double our business volume in Asia until 2016.” Expanded business model: vehicle financing and mobility services
Official launch of Daimler Financial Services India Pvt Ltd. Financing and insurance offers to customers and dealers. Contract volume of USD 500 million expected in five years. Initial investment of USD 50 million. Headquartered in Chennai, operating under the brand Mercedes-Benz Financial. Financial Services for BharatBenz planned in 2012
Alwin Epple, Board Member of Daimler Financial Services (DFS) responsible for Europe, to become CEO and President of Mercedes-Benz Italy. Franz Reiner named successor as DFS-Board Member for Europe and additionally new Chairman of Mercedes-Benz Bank. Peter Zieringer joins DFS-Board of Management, responsible for the Americas region and becomes CEO and President of Mercedes-Benz Financial Services USA.
Profitability increases as a result of declining risk costs and favorable refinancing conditions. New business up five percent to €8.5 billion in the vehicle financing and leasing sectors. Further strengthening of sales support activities, increase in market share. Good business potential this year due to new vehicle models.