Photo: Daimler AG
According to the head of Daimler Financial Services, the German car giant is now financing more than three million vehicles, a figure which they passed this autumn.
“In October 2013, we exceeded the three million mark,” said Klaus Entenmann, Chairman of the Board of Management of Daimler Financial Services AG.
No less than four out of every ten Daimler vehicles delivered worldwide are now financed by the Stuttgart financial arm, which to us sound pretty much on the incredible side.
Not only that, but Daimler Financial Services also brought earnings amounting to 955 million euros before taxes and interest in the first three quarters of 2013.
“For the year as a whole, we aim to achieve an EBIT of about 1.25 billion euros. This would exceed our expected return on equity of at least 17 percent. We have achieved good results - especially considering that we are investing in digital sales channels and innovative mobility services at the moment.” said Entenmann.
The earnings so far give enough steam for the financial arm to achieve its highest figures in history at the end of the year, but to us the most unbelievable figure is still that of the total number of cars currently financed.
No less than four out of every ten Daimler vehicles delivered worldwide are now financed by the Stuttgart financial arm, which to us sound pretty much on the incredible side.
Not only that, but Daimler Financial Services also brought earnings amounting to 955 million euros before taxes and interest in the first three quarters of 2013.
“For the year as a whole, we aim to achieve an EBIT of about 1.25 billion euros. This would exceed our expected return on equity of at least 17 percent. We have achieved good results - especially considering that we are investing in digital sales channels and innovative mobility services at the moment.” said Entenmann.
The earnings so far give enough steam for the financial arm to achieve its highest figures in history at the end of the year, but to us the most unbelievable figure is still that of the total number of cars currently financed.
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