DaimlerChrysler is to withdraw from non-automotive financing, according to The Financial Times (FT).

The newspaper said that DaimlerChrysler will sell two operations to GE Capital of the US for 1.3 billion euros ($US1.2 billion), adding that the sale could pave the way for further disposals or joint venture deals for its five remaining non-vehicle financing operations.

D-C will also raise a further 4.6 billion euros by selling its 50 percent stake in software venture Debis Systemhaus to partner Deutsche Telecom, the FT said.