Volkswagen Financial Services

(IN BRIEF) Salzgitter AG has introduced a bike-leasing program in collaboration with Lease a Bike (VW Financial Services), enabling employees to lease e-bikes, mountain bikes, or road bikes via salary conversion. Since its July launch, about 2,000 staff registered and … Read the full press release →

(IN BRIEF) Volkswagen Financial Services has announced a successful conclusion to the 2023 financial year, marked by an operating profit of EUR 3.25 billion. Despite challenges such as negative valuation effects and a challenging interest rate environment, the company achieved … Read the full press release →

(IN BRIEF) MAN Truck & Bus SE has announced the appointment of Hubert Altschäffl to its Executive Board, effective April 1, 2024, where he will oversee the human resources department as a member of the board and labor director. Altschäffl … Read the full press release →

(IN BRIEF) The Volkswagen Group, with annual financing requirements of approximately €20 billion, is a regular participant in the international bond markets. To provide greater transparency to investors, Volkswagen AG and Volkswagen Financial Services AG have decided to engage Fitch … Read the full press release →

(IN BRIEF) SEAT S.A. has appointed Sven Schuwirth as the new Executive Vice-President for Sales and Marketing, overseeing both SEAT and CUPRA brands, starting from February 1, 2024. This appointment marks a natural progression in Schuwirth’s career at SEAT, where … Read the full press release →

(IN BRIEF) Siemens AG, a leading industrial company in Germany, is taking significant steps towards sustainability by partnering with Volkswagen Financial Services to electrify its fleet. The plan involves gradually adding up to 1,000 leased Volkswagen ID.4 electric vehicles to … Read the full press release →

(IN BRIEF) Škoda Auto demonstrates its commitment to biodiversity on the International Day for Biological Diversity by highlighting various initiatives and projects at its global production sites. These efforts include planting over 70,000 trees in 2023, conducting dendrological research and … Read the full press release →

(IN BRIEF) Volkswagen Financial Services has placed an auto ABS transaction in Swedish kronor, becoming the first company in the market to place an auto ABS transaction based on a securitized pool of leasing contracts. The transaction has a receivables … Read the full press release →

(PRESS RELEASE) BRAUNSCHWEIG, 15-Aug-2019 — /EuropaWire/ — Successful online used car marketplace “heycar” expands internationally into the United Kingdom. Providing high-quality used vehicles with warranty to used car buyers in England, Wales, Scotland and Northern Ireland at www.heycar.co.uk. The heycar … Read the full press release →

The Volkswagen Group presents a wide spectrum of urban mobility solutions at the World Congress for Intelligent Transport Systems (ITS) in Copenhagen Shaping the urban mobility of the future as a joint task: Volkswagen Group as a strong partner for … Read the full press release →

Securitised receivables volume amounts to around EUR 900 million  Braunschweig, Germany, 15-Feb-2018 — /EuropaWire/ — Volkswagen Bank GmbH has successfully placed its 14th Auto Asset-Backed Securities (ABS) transaction, Driver 14, on the market. The issue securitises vehicle financing contracts and has … Read the full press release →

Volkswagen Financial Services successfully place around EUR 1.6 billion with investors Braunschweig, Germany, 19-Oct-2017 — /EuropaWire/ — Volkswagen Financial Services have successfully placed the Auto Asset-Backed Securities (ABS) transaction VCL 25 on the market. The transaction to securitise leasing contracts of … Read the full press release →

CEO Matthias Müller: “Within the Volkswagen Group, we want and indeed need more competence, more experience and more prospects from and for women.” WOLFSBURG, 31-Jul-2017 — /EuropaWire/ — The Volkswagen Group is committed to employing women in leadership functions and management … Read the full press release →

Operating profit before special items for the first six months up on the prior-year figure Volkswagen Passenger Car brand turns in a robust performance in the second quarter CFO Witter: “Group can build on its high earnings power“ Wolfsburg, 28-Jul-2016 … Read the full press release →

Bonds follow Auto ABS as a refinancing instrument in China Contract portfolio in China at a record level Braunschweig/Peking, 14-Jun-2016 — /EuropaWire/ — Volkswagen Financial Services have issued a bond in renminbi (RMB) for the first time and fully placed it … Read the full press release →

• Group sales revenue for the first three months down slightly, operating profit at EUR 3.4 billion, due to positive special items • Net liquidity in the Automotive Division up further to EUR 26.0 billion at the end of March … Read the full press release →

• Operating result: 1.9 billion euros (+12.9%) • Total assets: 157.9 billion euros (+14.9%) • Portfolio: 16.6 million contracts (+11.4%)  Braunschweig/Frankfurt am Main, 16-Mar-2016 — /EuropaWire/ — Volkswagen Financial Services have again grown substantially during the 2015 financial year. At this … Read the full press release →

Introducing the Volkswagen Group and its brands Focus on the automotive Group’s brand diversity, tradition and visions BERLIN, 4-5-2015 — /EuropaWire/ — DRIVE is set to open its doors to the public today with an exhibition based on the theme … Read the full press release →

Almere, Netherlands, 20-2-2015 — /EuropaWire/ — Following the announcement made on 6 November 2014, LeasePlan Corporation, the world’s leading fleet management and driver mobility company, today confirms it has completed the acquisition of the 49% stake in LPD Holding A.Ș, the … Read the full press release →

Almere, Netherlands, 10-11-2014 — /EuropaWire/ — LeasePlan Corporation, the world’s leading fleet management and driver mobility company, announces that it has signed an agreement to acquire the 49% stake Doğuş Group holds in LPD Holding A.Ș, the holding company of LeasePlan … Read the full press release →