Mercedes 2009 Annual Report Download - page 65

Management Report |Business and General Conditions |61
The Mercedes-Benz Vans division has production facilities at a
total of seven locations in Germany, Spain, the United States,
Argentina and Vietnam for the Vito/Viano, Sprinter and Vario van
series in weight classes from 1.9 to 7.5 metric tons. The most
im
portant markets for vans are in Europe, with 84% of unit sales.
The
Sprinter is sold in the United States and Canada under the
Freight
- liner brand, and since the beginning of 2010 also under
the Mer
cedes-Benz brand.
The Daimler Buses division with its brands Mercedes-Benz,
Setra and Orion is the world’s leading manufacturer of buses and
coaches above 8 tons. The product range supplied by Daimler
Buses comprises city and intercity buses, coaches and chassis.
The most important of the 15 production sites are in Germany,
Turkey, Latin America, France, Spain and the NAFTA region. In 2009 ,
50% of the division’s revenue was generated in Western Europe,
16% in the NAFTA markets and 16% in Latin America (excluding
Mexico).
The Daimler Financial Services division supports the sales of the
Daimler Group’s automotive brands in almost 40 countries. Its
product portfolio mainly comprises tailored financing and leasing
packages for customers and dealers, but it also provides ser-
vices such as insurance, fleet management, investment products
and credit cards. The main areas of the division’s activities are
Western Europe and North America. In 2009, more than 40% of
the vehicles sold by Daimler were financed by Daimler Financial
Ser
vices. Its contract volume of €58.3 billion covers 2.4 million
vehi
cles. Daimler Financial Services also holds a 45% interest
in the Toll Collect consortium, which operates an electronic road-
charg
ing system for trucks over 12 metric tons on highways in
Germany.
Corporate governance
Full information on the subject of corporate governance is pro-
vided in the Corporate Governance section of this Annual Report
on pages 144 ff.
Corporate Governance Statement. The Corporate Governance
Report on pages 164 ff. of this Annual Report and the Declaration
of Compliance with the German Corporate Governance Code on
pages 168 f. are constituent parts of the Corporate Governance
Statement. The Corporate Governance Statement to be made
pursuant to Section 289a of the German Commercial Code (HGB)
can be seen on the Internet at www.daimler.com/corpgov/en.
Remuneration Report. A description of the system of remuner-
a
tion and the individualized details of the remuneration of the
mem
bers of the Board of Management and Supervisory Board
are
shown in the Remuneration Report on pages 156 ff. That
report is also a constituent part of the Management Report.
Report and explanation of details provided pursuant to
Section 315, Subsection 4 and Section 289, Subsection 4 of
the German Commercial Code (HGB)
Management; appointment and dismissal of members of the
Board of Management. Daimler AG is a stock corporation domi-
ciled in Germany. It is managed by a Board of Management, whos e
members are authorized to represent it vis-à-vis third parties.
The Board of Management must have at least two members, who,
in accordance with Section 84 of the German Stock Corporation
Act (AktG), are appointed by the Supervisory Board for a maxi-
mum period of office of five years. Reappointment or the exten-
sion
of a period of office, in each case for a maximum of five years,
is permissible. However, the Supervisory Board of Daimler AG
has resolved generally to limit both initial appointments and reap-
pointments to a maximum of three years. Appointments and
reappointments can only be made by a resolution of the Supervi-
sory Board; reappointments may generally not be made more
than one year before the end of a Board of Management mem-
ber’s current period of office. The Supervisory Board appoints
one of the members of the Board of Management as the Chair-
man of the Board of Management. In exceptional cases, a mem-
ber of the Board of Management can be appointed by the court
in accordance with Section 85 of the German Stock Corporation
Act. The Supervisory Board can revoke the appointment of a mem-
ber of the Board of Management and of the Chairman of the
Board of Management if there is an important reason to do so.
Purpose of the company, amendments to the Articles of
Incorporation. The general purpose for which the company is
organized is defined in Article 2 of the Articles of Incorporation.
Pursuant to Section 179 of the German Stock Corporation Act, the
Articles of Incorporation can only be amended by a resolution
of the Annual Meeting. In accordance with Section 133 of the Ger-
man Stock Corporation Act and Article 19, Paragraph 1 of the
Mercedes-Benz Cars 51%
Daimler Trucks 21%
Mercedes-Benz Vans 8%
Daimler Buses 5%
Daimler Financial Services 15%
Consolidated revenue by division