DaimlerChrysler Financial Services Americas to Keep Headquarters in Metro Detroit
02 Juillet 2007 - 1:00PM
PR Newswire (US)
-- Corporate Staffs supporting Mercedes-Benz Financial,
DaimlerChrysler Truck Financial Moving to New Location in Oakland
County, Michigan -- Chrysler Financial headquarters to remain at
present location -- 'Reinforces Our Commitment to Metro Detroit'
FARMINGTON HILLS, Mich., July 2 /PRNewswire/ -- DaimlerChrysler
Financial Services Americas today announced that the corporate
staffs supporting its Mercedes-Benz Financial and Truck Financial
business units will be moving to a new location in Farmington
Hills, Mich., after the transfer of assets of its Chrysler
Financial business unit to Cerberus Capital Management is completed
in the third quarter. Klaus Entenmann, President and CEO of
DaimlerChrysler Financial Services Americas, said approximately 400
employees of the company will be moving to an existing four-story
office building at 36455 Corporate Drive, along 12 Mile Road
between Drake and Halsted roads. The company will be the sole
tenant of the 153,000 square-foot building which can house up to
650 employees. Approximately 800 employees of Chrysler Financial
will remain in the company's present location at 27777 Inkster
Road, Farmington Hills, which can accommodate up to 1200 people.
Chrysler Financial will continue to operate its eight Business
Centers in major markets across the United States as well as four
customer service locations. "The professionalism and passion of our
people sets us apart from our competitors in automotive and
trucking industry financial services," Entenmann said. "This move,
a few miles away from our present headquarters, reinforces our
commitment to Metro Detroit and keeps our headquarters for the
entire Americas region right here in Michigan." Entenmann said the
transfer of assets from Chrysler Financial to Cerberus is creating
the need for more jobs in the financial services industry which
will result in a positive impact on the economy of southeast
Michigan. "The transfer of Chrysler Financial's assets will result
in the creation of two separate financial services companies that
previously existed as one company," he said. "Of the estimated 200
new jobs the transfer will create throughout the entire Americas
region, about 100 of those jobs will be right here in Oakland
County, Michigan." The new location in Farmington Hills will house
the corporate staffs supporting Mercedes-Benz Financial and
DaimlerChrysler Truck Financial, including Finance, Controlling,
Risk Management, Audit, Communications, Human Resources,
Information Technology, Legal and other departments. Mercedes-Benz
Financial will continue to operate its Business Centers in New
Jersey and California, and its Customer Contact and Remarketing
operations in Dallas. The Truck Financial business unit will
continue to maintain its executive offices and sales, operations
and customer service activities in suburban Chicago in Lisle, Ill.
Michigan Governor Jennifer M. Granholm applauded the decision by
DaimlerChrysler Financial Services Americas to keep its corporate
headquarters in Michigan. "This decision by DaimlerChrysler
Financial Services -- an international company doing business in 40
countries -- to keep its Americas headquarters in Michigan is a
signal that our work to implement an aggressive economic plan is
encouraging businesses to choose Michigan for their growth,"
Granholm said. "This move is creating good jobs for our workers and
securing DaimlerChrysler's presence in Southeast Michigan for years
to come." Oakland County Executive L. Brooks Patterson echoed the
Governor's sentiments. "DaimlerChrysler Financial Services's
decision to stay here recognizes the fact that Oakland County has a
highly educated and skilled, world class workforce and world class
facilities which serve as magnets for other global companies
looking for an ideal location to pursue opportunities for business
success," he said. The company will receive a $500,000 grant from
the Michigan Economic Development Corporation to use for training
programs for its employees. The Birmingham, Mich., architectural
firm Landry + Newman is designing the interior of the new
headquarters. It previously designed the interior of the present
headquarters, the former home of Michigan National Bank. About
DaimlerChrysler Financial Services Americas LLC DaimlerChrysler
Financial Services Americas LLC provides brand-specific financing
for automotive dealers' inventories and their retail consumers, and
conducts business as Chrysler Financial and Mercedes-Benz
Financial. As DaimlerChrysler Truck Financial, it also finances
commercial vehicles for affiliate products such as Freightliner,
Sterling and Western Star. The company serves as the headquarters
for operations in the United States, Canada, Mexico, Puerto Rico,
Argentina, Brazil and Venezuela, and has approximately 5,600
employees who manage a portfolio of close to $107 billion with
nearly five million contracts. DaimlerChrysler Financial Services
Americas LLC is a company of the DaimlerChrysler Financial Services
Group, headquartered in Berlin, Germany, which operates in more
than 40 countries with an employee base of close to 11,000 and a
global portfolio of approximately $150 billion. DaimlerChrysler
Financial Services is one of the leading financial services
organizations worldwide. For more information on DaimlerChrysler
Financial Services Americas LLC, visit their Web site at
http://www.daimlerchrysler-financialservices.com/na. DATASOURCE:
DaimlerChrysler Financial Services Americas LLC CONTACT: Jack
Ferry, +1-248-427-3124, Cell +1-248-761-3233, , or James Ryan,
+1-248-427-6696, Cell +1-248-790-5100, , both of DaimlerChrysler
Financial Services Americas LLC Web site:
http://www.daimlerchryslerfinancialservices.com/na
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