Mercedes 2006 Annual Report Download - page 49

The Financial Services division supports the unit sales of the
DaimlerChrysler Group’s automotive brands in more than
40 countries. Its product portfolio mainly comprises tailored
financing and leasing packages for dealers and customers, but
it also provides services such as insurance and fleet management.
The focus of Financial Services’ activities is in North America
and Western Europe. In Germany, in addition to automotive financial
services, the product portfolio of the DaimlerChrysler Bank also
includes investment products and credit-card services. Daimler-
Chrysler Financial Services also holds a 45% interest in the
Toll Collect consortium, which on January 1, 2005 launched an
electronic toll system for trucks over 12 tons on autobahns
in Germany.
The Van, Bus, Other segment comprises the Vans and Buses
units, our shareholding in the European Aeronautic Defence
and Space Company (EADS), the Corporate Research department,
the Group’s real-estate activities and the holding and finance
companies.
The Vans unit has production facilities at various locations
in Germany, Spain and Argentina for the Mercedes-Benz series
Vito/Viano, Sprinter and Vario in weight classes ranging from
2 to 7.5 tons. Its main sales markets are Western Europe (70%) and
the NAFTA region (11%). The Sprinter is also sold under the
Dodge and Freightliner brands in the NAFTA region, and starting
in 2007 it will also be manufactured in the United States.
DaimlerChrysler Buses’ product range comprises buses for
tourist, urban and interurban applications, as well as bus chassis,
under the Mercedes-Benz, Setra and Orion brands. The unit’s
most important production sites are in Germany, Turkey, Brazil and
the NAFTA region. In 2006, 48% of its revenues were generated
in Western Europe, 17% in the NAFTA markets and 16% in Latin
America (excluding Mexico).
Legal framework
Management. DaimlerChrysler is a stock corporation domiciled
in Germany (see page 112 ff). It is managed by a Board of
Management, whose members are authorized to represent it
vis-a-vis third parties. The Board of Management must have
at least two members, who are appointed by the Supervisory
Board for a maximum period of five years, in accordance with
Section 84 of the German Stock Corporation Act. Reappointment or
the extension of a period of office, in each case for a maximum
of five years, is permissible. The Supervisory Board of Daimler-
Chrysler AG has resolved, however, generally to limit such
appointments and reappointments to three years in the future.
These appointments and reappointments can only be made
by a resolution of the Supervisory Board; reappointments may
generally not be made more than one year before the end of
the current period of office. The Supervisory Board appoints one
of the members of the Board of Management as the Chairman
of the Board of Management.
The Supervisory Board can revoke the appointment of a member of
the Board of Management and of the Chairman of the Board
of Management if there is an important reason to do so. Such a
reason could be, for example, gross neglect of duty, lack of
ability to conduct the management in a proper manner, or a vote
of no confidence by the Annual Meeting.
Compensation. A description of the system of compensation
and the individualized details of the compensation of the members
of the Board of Management and of the Supervisory Board are
shown in the Compensation Report on pages 120 ff.
Management Report | Business and Strategy | 33
Mercedes Car Group 33%
Chrysler Group 31%
Truck Group 19%
Financial Services 9%
Van, Bus, Other 8%
Consolidated revenues by division
Mercedes-Benz
Passenger Cars
smart
Maybach
Chrysler
Jeep
Dodge
Trucks Europe/
Latin America
Trucks NAFTA
Trucks Asia
Vans
Buses &
Coaches
Stake in EADS
®
Americas
Europe, Africa,
Asia/Pacific
Financial
Services Van, Bus,
Other
Mercedes Car
Group Chrysler
Group Truck Group
DaimlerChrysler – business portfolio