The Europaeum’s Future of European Universities Project was generously supported
by the former DaimlerChrysler AG Financial Services, led by Dr Klaus Mangold, a firm
which provided Daimler and Chrysler dealers and customers with tailor-made leasing and
financing solutions. In autumn 2007, the firm began operating under its new name, Daimler
Financial Services AG.
In this, the company was following its parent company, which was renamed Daimler
AG following a negotiated the split between the Daimler and Chrysler conglomerates in
May 2007, after almost 10 years of partnership, when Chrysler was acquired by Cerberus
Capital Management in the US.
Daimler Financial Services provides tailor-made leasing and financing solutions to pro-
mote the vehicle sales of the Daimler Group’s brands worldwide. With a comprehensive
product portfolio including financing, leasing, insurance concepts and fleet-management
services, Daimler Financial Services managed a contract volume of €59.1 billion in 2007.
Operating in more than 40 countries, the company remains perhaps the most interna-
tional captive and the world’s largest commercial vehicle financial services provider. The
firm is also one of the world’s leading international multi-brand fleet management compa-
nies. More than a third of new Daimler vehicles worldwide are financed and leased by the
firm. Working in close cooperation with the vehicle brands, the company aims to strengthen
customer loyalty and supports the sale of trucks, vans and buses from the Daimler Group
– the world’s market leader for commercial vehicles.
All in all, the company’s portfolio is composed of about 2.2 million leased and financed
vehicles, using traditional financing and leasing, but also comprehensive service contracts
– including insurance, maintenance and repair packages – for all passenger car and truck
models from Daimler.
Every fourth truck, van and bus manufactured by Daimler has been put on the road with
the help of financing products from Daimler Financial Services.