Daimler Group is one of the world’s largest manufacturers of cars, vans and trucks. Best known as the name behind Mercedes Benz, Daimler makes more than 2.5 million vehicles a year and runs Daimler Financial Services, providing financing and mobility services to customers. It is this division that requires frequent access to the capital markets.
“We are in a net cash position on our industrial side, so the funding we are doing is pretty much exclusively for our captive finance activities,” says Peter Zirwes, global head of corporate finance at Daimler.
