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Latest Mercedes-Benz News

Daimler to Produce Sprinter Vans in Russia

Daimler AG is recognized as the biggest manufacturer of trucks worldwide, and now it is expanding its Russian commercial-vehicle presence by manufacturing Sprinter vans as part of a partnership with OAO GAZ of billionaire Oleg Deripaska. This endevour entails some 100 million euro (around $131 million) in investments from Daimler in order to make the plant ready to produce a planned 250,000 units of the delivery van annually. The GAZ plant can be found in Nizhny Novgorod. Daimler CEO Dieter Zetsche said that the Russian commercial-vehicle market “is offering major growth prospects,” and of course it would be foolish to ignore such an opportunity. That’s why Daimler is capitalizing on… Continue Reading »

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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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