Press Release

Volkswagen Financial Services Launches Operations in Malaysia
 

  • Volkswagen Capital Advisory arranges vehicle financing and insurance
  • Volkswagen Financial Services now active in 50 markets worldwide
Kuala Lumpur, Malaysia / Braunschweig, Germany, 17 October 2014. As of immediately, Volkswagen Capital Advisory Sdn Bhd, a wholly owned subsidiary of Volkswagen Financial Services AG, is now offering vehicle financing and insurance for all Volkswagen passenger cars in Malaysia. With this launch, Europe's largest provider of automobile-related financial services is pursuing its global growth strategy and is now offering its services in 50 markets across the globe.

“The growth markets in the ASEAN region are becoming increasingly important for the Volkswagen Group. In Malaysia, Volkswagen is already manufacturing several car models and systematically building up its dealer network. In our capacity as a captive financial services provider, we are following the Volkswagen Group brands and are continuing our strategy of international growth by entering the Malaysian market now,” explains Reinhard Fleger, Regional Manager China, India and ASEAN for Volkswagen Financial Services AG. He continues: “Our aim is to promote the sales of Volkswagen Group brands by providing attractive products and to strengthen the relationship between the dealer and customer.”

Alongside classic vehicle financing and insurance, Volkswagen Capital Advisory Sdn Bhd also offers financial services compliant with the principles of Islamic banking.

During the 2013 financial year, Volkswagen Group Malaysia delivered a total of 11,700 automobiles to its customers.

Information for editors


Volkswagen Capital Advisory Sdn Bhd is a wholly owned subsidiary of Volkswagen Financial Services AG with headquarters in Kuala Lumpur, Malaysia.

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprises of Volkswagen Financial Services AG along with its subsidiaries and the financial service companies in the US, Canada, Argentina and Spain that belong directly or indirectly to Volkswagen AG – with the exception of the financial services of the Scania and Porsche brands 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 10,945 employees worldwide – including 5,389 alone in Germany (as at: 31.12.2013). The Annual Report 2013 of Volkswagen AG reported total assets for Volkswagen Financial Services of around EUR 115.1 billion, an operating result of EUR 1.6 billion, and a portfolio of around 10.7 million current contracts.

Contact for press inquiries:

Marc Siedler (Press Officer)
Phone: + 49 (0)531 / 212-87675
E-Mail: marc.siedler@vwfs.com
www.vwfs.com