Daimler Truck and Bus goes solo in Australia Pacific

Daimler Truck and Bus Australia Pacific has completed its separation from the local Mercedes-Benz passenger car division, with Daimler Truck becoming an independent global commercial vehicle manufacturer, with a focus on commercial vehicle customers.

The global changes will enable the Daimler Truck business to continue delivering Mercedes-Benz, Freightliner and Fuso trucks and buses into the future as it moves towards zero emissions.

As it grows its workforce and takes on previously shared internal services, Daimler Truck and Bus Australia Pacific have created a new dedicated truck and bus finance company; Daimler Truck Financial Services.

Previously, Daimler’s commercial vehicle finance offerings were provided by Mercedes-Benz Financial Services, the same finance company that delivers finance for Mercedes-Benz passenger vehicle customers, but moving forward, Daimler Truck Financial Services will be wholly dedicated to truck and bus customers, through the established Daimler Truck and Bus dealer network.

Commercial vehicle finance executive, Craig Cubitt, has been appointed Chief Executive Officer of the new organisation that will be based at Daimler Truck and Bus headquarters in Mulgrave, Victoria.

Cubitt believes the Daimler Truck Financial Services team is perfectly positioned to deliver the best products and services to Daimler Truck and Bus customers.

“We aim to be a truly customer-focused organisation that puts our truck and bus customers at the centre of everything we do,” said Cubitt.

Daimler Truck and Bus Australia Pacific President and CEO, Daniel Whitehead, says the independence of Daimler Truck will allow the operation more flexibility.

“We are excited that Daimler Truck is now a standalone global entity because we know that independence will make us more nimble and enable us to continue making the investments needed to develop the best trucks, buses and associated services of the future,” said Whitehead.

“Running a fleet of trucks or buses is very different to operating a passenger vehicle and the finance requirements they need for their business are also unique.”

Daimler Truck Financial Services offers a wide range of financial solutions, including business asset loans, hire-purchase, and lease products, as well as some innovative solutions that are not currently available anywhere else in the industry.

Daimler Truck Financial Services will offer two unique and exclusive products: Fast Track Finance and the current Daimler Guaranteed Buy Back program, which provides customers a guaranteed future value on their Daimler truck from the beginning of their contract.

Daimler Guaranteed Buy back also offers several options at the end of contract including the option to hand back the truck or alternatively, the customer can choose to retain the truck or trade it in for a new one, knowing the truck’s value will match the outstanding balance and avoid any negative equity.

For more details about these products and services, visit Daimler Trucks.

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