DaimlerChrysler Financial Services to Provide Vehicle Financing in China

Stuttgart/ Berlin/ Beijing , 04/26/2005 - DaimlerChrysler Financial Services, the vehicle financing company of DaimlerChrysler Group, is in the process of establishing a vehicle financing subsidiary in China and expects to be operational this fall. “

Vehicle financing is becoming more important to customers when considering purchasing new vehicles”, said Dr. Rüdiger Grube, responsible for Corporate Development and China Operations. “Setting up vehicle financing in China is a milestone for DaimlerChrysler as it signifies that now all of the Group’s business units will be present here – Mercedes-Benz Car Group, Chrysler Group, Commercial Vehicle Division and DaimlerChrysler Financial Services. We are confident that with our new team of DaimlerChrysler Financial Services representatives in China this operation will be successful.”