Daimler Financial Grew Portfolio 6% in 2017 Amid Mobility Push

  • Emma Sandler
  • February 1, 2018
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. […]

Tesla Files to Issue Inaugural Auto Lease Securitization

  • Natalie Mattila
  • January 29, 2018
There might be a new entrant in the auto asset-backed securitization market. Tesla Inc. issued an ABS-15G filing with the Securities and Exchange Commission last week, indicating the electric car maker will establish a Tesla Auto Lease Trust. The manufacturer is poised to issue a bond backed by leases on its electric cars in an […]

Call for Speakers: AFN Scouts Forward-Thinkers for Auto Finance Innovation

  • Natalie Mattila
  • January 23, 2018
Auto Finance News is calling for dynamic and forward-thinking auto finance professionals to join the speaker roster for the third annual Auto Finance Innovation event, slated for March 7-8, at the Parc 55 San Francisco. Help shape our agenda for 2018 and beyond by letting us know which speakers you would like to hear from, and what topics […]

Toyota Establishes New Mobility Service Unit

  • Emma Sandler
  • December 22, 2017
Toyota Motor Corp. will merge its subsidiary Toyota Fleet Leasing Co. Ltd. with its second-tier subsidiary Toyota Tokyo Rental & Leasing Co. Ltd. to establish a new company — Toyota Mobility Service Co. Ltd. — on April 1, 2018, the company announced yesterday. Specific initiatives of Toyota Mobility Service Co. include collaborating with Toyota’s in-house […]

Daimler Mobility Services Acquires French Uber Competitor

  • Emma Sandler
  • December 22, 2017
Daimler Mobility Services — which is under the operation of Daimler Financial Services — acquired a majority stake in Chauffeur Privé, a private-hire vehicle service in France, yesterday. Daimler Mobility Services now controls more than 50%, with the intention to fully acquire Chauffeur Privé by 2019, the company said in an announcement. Financial details were […]
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