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Latest Mercedes-Benz News

Next target: GAZ Gorky Automobile Plant in Russia

There aren’t so many fans of Russian made cars, perhaps not even in Russia. Still, there is one automotive manufacturer in the country that’s getting a lot of attention. GAZ, who currently manufacturers the Volga Siber at the Gorky Automobile plant (insert Wind of Change chorus here), is getting wooed by a lot of investors wanting to tap into the Russian market. Yep, you guessed it—Mercedes-Benz’s parent company Daimler wants in. And the company will stop at nothing to get the plant to producing the E-Class. And with good reason too. The Volga Siber is actually based on the Chrysler Sebring platform. As true-blooded Mercedes-Benz fans (you know you are),… Continue Reading »

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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… Continue Reading »

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