Volkswagen Financial Services AG: The Key to Mobility

The founding of Volkswagen Financial Services AG (VWFS) in March 1994 opened a new chapter in the long and successful history of financial services at Volkswagen. Today, the Braunschweig-based wholly owned subsidiary of Volkswagen AG is responsible for the coordination of Volkswagen’s global financial services activities and represents Europe’s largest automotive financial services operation. With its comprehensive range of products, Volkswagen Financial Services makes a significant contribution to the promotion of the Volkswagen Group’s unit sales and strengthens the link between customers and the Group brands. Its innovative financial services provide many customers quite literally with the key to mobility. Worldwide, 24 % of all Volkswagen Group cars sold are financed or leased by Volkswagen Financial Services; in Germany the figure is more than every second vehicle. At the reporting date (June 30, 2013) VWFS had around 9,147 employees (including 5,136 in Germany) and a balance-sheet total of €87.6 billion.

Generating Sustainable Success.

To ensure its continued success, Volkswagen Financial Services considers the economic, environmental and social effects of its decision-making. It sees itself as part of society; it cares for the health, develops the skills and encourages the social commitment of its employees, and assumes responsibility for people in the region. To this end, Volkswagen Financial Services offers its expertise as a financial services provider and works together with the My Finance Coach initiative to provide young people with a basic financial education, de-mystify economic issues and pass on money management skills. The company also won the Great Place to Work competition in recognition of the wide variety of measures it employs to promote workplace culture.

Resource-Friendly Mobility

In its core business VWFS includes environmental aspects in the development of its products and creates incentives for resource-friendly mobility – not least via an environmental program for sustainable fleet management and through Quicar, a car-sharing project in Hanover. At the end of 2013 – two years on and with approximately 100 pick-up points and more than 200 Golf BlueMotion cars involved – Volkswagen Financial Services welcomed the 10,000th Quicar user. As part of the environmental program run jointly with the German Nature and Biodiversity Conservation Union (NABU), Volkswagen Financial Services is also turning its attentions to fleet customers and motivating them to make their vehicle fleets more eco-friendly.