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Daimler to expand Mercedes-Benz Bank – invests € 500 mln


German carmaker Daimler plans to invest some 500 million euros ($696 million) to expand its Mercedes-Benz Bank and to add customer loans, besides providing loans to dealers only, the company said on Monday. “Between now and 2018, we will be spending some 500 million euros ($696 million) on our European business. We are preparing the way for further volume growth, improve ...
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Daimler Financial Services expects record operating profit this year
Daimler estimates that its financial services business will grow profitably in 2013 after the company forecast a record €1.3 billion in operating profit for 2012. In the first ten months of ...
Volkswagen XL1 – available only with the company’s car lease program
The German based automaker Volkswagen has recently announced that the production version of the XL1 will only be available to its future customers through leasing. According to the car manufacturer, the ...

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