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. […]

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 […]

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 […]

Waymo Partners With Insurance Startup to Roll Out Ride-hailing Service

  • Emma Sandler
  • December 19, 2017
Following Waymo’s announcement in November that it would launch a commercial ride-hailing service in 2018, Waymo has partnered with a startup to provide the proper insurance. Waymo currently operates a beta ride-hailing service to the public in Phoenix, Ariz., and will be work with Danville, Calif.-based Trov to provide on-demand trip insurance customized for passengers of Waymo’s soon-to-be-launched […]

China Rideshare Didi Plans to Expand Into Carsharing

  • Emma Sandler
  • December 13, 2017
Didi Chuxing, China’s ridesharing behemoth, plans to expand into other mobility services including car-sharing, Cheng Wei, the founder and chief executive, said at China’s annual World Internet Conference in Wuzhen last week. The Beijing-based company intends to enter the car-share market with an initial investment of at least $151 million, Wei said, adding that users will be able to […]
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