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Daimler's financing arm to grow profitably in 2013
November 19, 2012 / 12:05 PM / 5 years ago

Daimler's financing arm to grow profitably in 2013

FRANKFURT, Nov 19 (Reuters) - Daimler’s Financial Services business aims to grow profitably in 2013 after forecasting a record 1.3 billion euros ($1.65 billion) in operating profit for the current year, the company said on Monday.

The unit’s Chief Executive Klaus Entemann said in a statement that he was looking at expanding financing services in China, a key growth market for luxury carmakers.

“We have successfully launched this summer a new company responsible for leasing Mercedes-Benz vehicles (in China),” he said in a statement.

$1 = 0.7871 euros Reporting By Christiaan Hetzner

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