DaimlerChrysler AG sold some of its capital services portfolio to GE Capital on Jan. 24 for E1.3 billion ($1.1 billion). The move is part of a continuing effort by DaimlerChrysler to rid itself of non-automotive business. As part of the sale, GE Capital will receive commercial real estate loans, asset-based manufacturing loans and service, and distribution companies. DaimlerChrysler Capital Services total loan portfolio is worth about E130 billion ($113 billion).

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.