The total assets of Volkswagen Financial Services AG amounted to EUR 80.5 billion as at 31.12.2018. Volkswagen Financial Services AG employs around 8,600 people worldwide. As a wholly-owned subsidiary of Volkswagen AG, it operates and coordinates the financial services activities of the Volkswagen Group around the world.
As partner to the Volkswagen Group brands, Volkswagen Financial Services AG makes an important contribution to promoting sales and ensuring long-term customer loyalty to products from Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Ducati, Volkswagen Commercial Vehicles, MAN, and other Group brands. In addition, Volkswagen Financial Services AG is a longstanding partner of the dealership network – both as a provider of financial services and as an aide and advisor.
The company's approach of being able to offer everything from a single source has brought about many successful products up to now, all with the same idea behind them: to provide reliable services without any cost surprises. In addition to vehicle financing (outside the European Economic Area) and leasing, Volkswagen Financial Services AG offers numerous mobility services such as fleet management and rental solutions for vehicles from passenger cars to heavy commercial trucks. These are supplemented by all kinds of vehicle-related insurance solutions, payment solutions, and services in the areas of smart parking as well as fuel, charging and toll billing.
By linking and further developing these business segments, Volkswagen Financial Services AG will also be striving to occupy a prime position among the competition in future as well, for example in the field of services resulting from new forms of mobility and the requirements of fully networked motor vehicles.