1988
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1 July 1988
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Mercedes-Benz Finanz GmbH, formed the previous year and wholly owned by Daimler-Benz, commences operations. Mercedes Leasing GmbH is renamed Mercedes-Benz Leasing GmbH and functions as subsidiary to the newly established company. Under the name Mercedes-Benz Lease Finanz, the companies, run by the same management, offer leasing and financing solutions for all Mercedes-Benz products.

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4 - 8 July 1988
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The new Mercedes-Benz heavy-duty (SK) truck range is presented to the motoring press in the town of Singen on Lake Constance. The SK truck range comprises semitrailer tractors, platform trucks and construction site vehicles in the 17-tonne and over weight category. The new heavy-duty trucks are powered by different versions of the OM 442 V8 engine or by the newly developed OM 441 LA turbocharged and intercooled V6 engine.



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27 September 1988
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Daimler-Benz AG and the Chinese mechanical engineering group Northern Industries Corporation (NORINCO) sign a contract in Beijing that provides for the manufacture of Mercedes-Benz heavy-duty trucks under licence in Baotou in Mongolia. The first vehicles are to be assembled and sold under NORINCO's own label in 1990.



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20 November 1988
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In the final race of the Sports Car World Championship in Sandown Park, Australia, the Sauber-Mercedes C 9 racers driven by Jean-Louis Schlesser/Jochen Mass and Mauro Baldi/Stefan Johansson score their first double victory. This gives Schlesser second place in the drivers' competition, and second place to the Sauber-Mercedes team in the constructors' rankings.



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