Press Release

Braunschweig, 24 September 2018. Volkswagen Financial Services have expanded their portfolio of international services for vehicle fleets. Thanks to Volkswagen Credit, Inc. (VCI), German and international corporate customers can now also be served in the US market and benefit from a one-stop service. "We have set ourselves the goal of achieving further growth in the non-European fleet business as well – and that includes the USA," says Jochen Schmitz, Head of International Fleet at Volkswagen Financial Services AG. "Together with our overseas colleagues we now have an even broader range of international services on offer."

The new offer called "VWGoA Fleet Services" (vwgoafleetservices.com) provides corporate customers of Volkswagen Financial Services in the United States with comprehensive full-service leasing for their vehicles and the associated fleet management solutions. Both German and international fleet customers operating a vehicle fleet in the USA benefit from harmonised processes for the agreed services and conditions and have the advantage of a central contact at Volkswagen Financial Services (VW FS). As from now, VW FS are also able to offer solutions in the areas of sourcing, financing, service and remarketing. As a result, customers can obtain everything they need to run their fleet business from the VW Group – all from a single source.

"We are pleased to be a part of this international program to exceed customers' fleet requirements globally", says Charles Moore, Chief Digital Officer at VW Credit, Inc.

The feedback from previous customer and offer discussions has been consistently positive. "Full-service leasing and fleet management are key competencies in order to be able to grow and offer profitable mobility services in the USA," says Schmitz.

Information for editors:

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA, Canada, and Spain that belong directly or indirectly to Volkswagen AG – with the exception of the financial services of the Scania brand and Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, the bank and insurance business, fleet management and mobility offers. Volkswagen Financial Services have a total of 15,770 employees worldwide – including 6,670 alone in Germany. Volkswagen Financial Services report total assets of around EUR 186.9 billion, an operating result of EUR 2.5 billion euros and a portfolio of around 19.7 million current contracts (as at: 31.12.2017).