Daimler Financial Services Americas Economic Impact on North Texas Estimated at $115...

Daimler Financial Services Americas Economic Impact on North Texas Estimated at $115 Million in the First 12 Months of New Operations

-- New 160,000 square-foot facility under construction on I-35W-- Building will open in August for approximately 650 employees-- Daimler Financial Services increasing its presence in Texas


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FORT WORTH, Texas, April 29 /PRNewswire-HISPANIC PR WIRE/ — Daimler Financial Services Americas (DCFS USA LLC) yesterday announced that a research group has projected the company’s plans for a new 160,000 square-foot facility at AllianceTexas would pump approximately $115 million into the North Texas economy in the first 12 months of operations. The facility will have the capacity for 800 employees.

Janet Marzett, Vice President for Customer Service, Collections and Remarketing USA for Daimler Financial Services in Westlake, Texas, made the announcement in remarks to the Texas Auto Writers Association at the Texas Motor Speedway.

“According to Insight Research of Dallas, Daimler Financial Services’ expansion in the North Texas area will result in a positive economic impact of $115 million in the first 12 months and $48.5 million annually going forward,” she said.

Insight Research specializes in economic impact reports and cost benefit analyses for cities, municipalities and government agencies.

“When we move into the new building over the first weekend in August, we will have about 650 employees with capacity for 800,” she said. “Of that amount, roughly 230 employees will represent new jobs in North Texas with approximately 100 people relocating from Chicago and other locations to North Texas.”

Insight Research made its projections on the new Daimler Financial Services facility for the Hillwood Development Company, developers of 17,000-acre commercial, retail and residential communities in North Texas called AllianceTexas.

Daimler Financial Services will expand its current Westlake Customer Service, Collections and Remarketing operations of the Mercedes-Benz Financial business unit to include similar disciplines for the Daimler Truck Financial business unit, which will be relocating its operations in Lisle, Illinois, this summer to Fort Worth.

“Our plan is to create a powerhouse customer care and operations center at one location,” Marzett said. “This will create a large talent pool where people will have a wide range of career opportunities in both the luxury car market and the medium and heavy duty truck industry. Most importantly, they will not have to re-locate all over the country during their careers.”

About Daimler Financial Services Americas (DCFS USA LLC)

Daimler Financial Services Americas (DCFS USA LLC) provides brand-specific financing for Mercedes-Benz automotive dealers’ inventories and their retail customers, and conducts business in the United States luxury car market as Mercedes-Benz Financial. In the U.S. trucking industry, Daimler Financial Services Americas conducts business as Daimler Truck Financial and finances Daimler commercial vehicles branded Freightliner, Sterling and Western Star for dealers and their customers in the fleet, vocational, municipal and owner/operator segments. Daimler Financial Services Americas serves as the headquarters for operations in the United States, Canada, Mexico, Argentina and Brazil, and has approximately 1,600 employees. Daimler Financial Services Americas is a company of the Daimler Financial Services Group, headquartered in Berlin, Germany, which operates in 40 countries with an employee base of close to 6,800. Daimler Financial Services is one of the leading financial services organizations worldwide. For more information visit www.daimlerfinancialservices.com/na

Daimler Financial Services Americas Economic Impact on North Texas Estimated at $115 Million in the First 12 Months of New Operations