DaimlerChrysler AG, the world's largest truckmaker, said the company's U.S. truck-financing unit is being split into four regions in an effort to improve service to Freightliner, Sterling and Western Star dealers, according to a report today by Bloomberg News.
DaimlerChrysler Truck Financial will form Eastern, Central, Southern and Western regions.
DaimlerChrysler Truck Financial also is forming a new small business credit department, the statement said. The unit will handle fleets of 11 or fewer trucks that have a $500,000 credit line with the financial unit.
The heavy-truck division was the Stuttgart, Germany, company's second-most profitable unit last year, after the Mercedes Car Group. DaimlerChrysler said in February it expects truck sales to fall this year following a 2006 sales surge prompted by buyers who sped up their purchases before tougher emission regulations took effect.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: firstname.lastname@example.org.
Anytime and anywhere to know the dynamics of China's auto industry