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Article: After building DaimlerChrysler Financial, it's time to blow it up; Exec must undo combo he spent years creating.(News)(Klaus Entenmann)
- Article from:
- Automotive News
- Article date:
- July 2, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Brent Snavely
After spending the better part of a decade combining the financial service arms of Mercedes, Freightliner and Chrysler into one company, Klaus Entenmann now must pull the companies apart.
It won't be easy.
Entenmann, CEO of DaimlerChrysler Financial Services Americas LLC, says Mercedes-Benz Financial and Chrysler Financial are especially interwoven. In the United States, Mercedes serves about 340 dealerships and Chrysler serves about 4,000.
Globally, the purchase of about one in three DaimlerChrysler vehicles, including commercial trucks, has been conducted through the financial arm, says spokesman Jack Ferry.
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