Posts with tag: Company

smart Delivers 100,000th Unit All-new fortwo

smart fortwo 100000 car1 448x297 smart Delivers 100,000th Unit All new fortwo

The smart fortwo continues its string of successes. Since the end of March 2007, the new model of the innovative two-seater has been purchased by a total of 100,000 customers, representing a sales increase of more than 80 percent. Yesterday afternoon, Ulrich Kowalewski, director of the Mercedes-Benz Center Munich handed over the 100,000th second-generation smart fortwo to a 36-year-old customer in the recently re-opened smart Center Munich.

Here in the US, the smart fortwo is slowly penetrating the market in the major US cities. In some places, the fortwo is sold-out until the beginning of next year, which just shows the popularity of the small flitzer among people who want to save on money at the gas pump, but also among folks that are trying to preserve the environment.

Daimler Financial Services launches bank in Russia

logthumbnail11 Daimler Financial Services launches bank in Russia
With the establishment of its own bank, Daimler Financial Services, the financial services provider of Daimler AG, will be moving into the fast-growing vehicle and consumer credit markets in Russia. DaimlerChrysler Bank Rus, which will be renamed Mercedes-Benz Bank Rus upon approval by Russia’s central bank, will offer car loans for private and commercial customers in the country. The new bank will officially open in Moscow on November 7, 2007.

Daimler Financial Services’ entry into the car loan business will round out the company’s product portfolio in Russia. “The establishment of the new bank will make us the first foreign automaker to have its own bank and its own leasing company in Russia,” said Daimler Financial Services CEO Jürgen Walker during a press conference in Berlin. “As a result, we will now be able to offer the complete range of financial services from a single source. We plan to grow dynamically in Russia: Over the medium term we’re looking to achieve a contract volume of €400 million. At the end of 2006, we had a portfolio of €35 million.”

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