VW Credit, Inc. Announces Launch of Ducati Financial Services
VW Credit, Inc. Will Now Offer In-House Financing for New and Used
HERNDON, VA -- (Marketwired) -- 09/19/13 -- VW Credit, Inc. (VCI), a
subsidiary of Volkswagen Group of America, Inc., today announced that
they will now offer retail financing for new and used Ducati
motorcycles in the U.S. The newly established Ducati Financial
Services (DFS) will officially begin operations in September 2013 and
will offer customer financing through Ducati dealers across the U.S.
In addition, DFS will offer ancillary products for new and used
motorcycles, including the Ever Red Motorcycle Protection Plan, Total
Loss Protection plan, and Road Hazard Tire and Wheel Protection
Ducati is a premium motorcycle brand that was founded in 1926 in
Bologna, Italy. In April 2012, Ducati was acquired by Audi AG. Ducati
sold more than 44,000 motorcycles worldwide in 2012, of which 9,258
retailed in the U.S., making this Ducati's largest market.
"We are delighted to offer competitive retail financing and ancillary
products for the Ducati premium motorcycle brand," said Andrew
Stuart, CEO of VW Credit, Inc. "With Ducati Financial Services,
Ducati customers and dealers have a strong captive finance partner.
They will benefit from more than 30 years of experience in the
automotive finance business and we are really looking forward to
Dominique Cheraki, General Manager of Ducati North America, stated:
"The introduction of Ducati Financial Services marks an historical
time for Ducati North America. With specifically tailored, in-house
programs, we are now able to effectively enhance and improve the
customer buying and ownership experience. The implementation of a
program of this magnitude represents a milestone in the development
of Ducati and its growing dealer network in North America."
About VW Credit, Inc.
VW Credit, Inc., which provides financial
products and services to Volkswagen and Audi dealers and their
customers in the United States was founded in 1981. The company also
manages and markets co-branded financial services through third-party
providers. With headquarters in Herndon, Va, the company maintains
operational and customer service centers in Libertyville, Ill. and
Portland, Ore.; a remarketing department in Auburn Hills, Mich.; as
well as regional offices in Woodland Hills, Calif.; Alpharetta, Ga.;
Woodcliff Lake, N.J.; Irving, Texas; and Rosemont, IL.
About Ducati of America
For more information about Ducati North
America, Ducati's line of performance motorcycles, apparel and, now,
Ducati Financial Services, please visit www.ducatiusa.com or your
local Ducati dealer.
About Volkswagen Group of America, Inc.
Volkswagen Group of
America, Inc. (VWGoA) is a wholly owned subsidiary of Volkswagen AG,
one of the world's leading automobile manufacturers and the largest
carmaker in Europe. VWGoA operates a manufacturing plant in
Chattanooga, Tennessee and houses the U.S. operations of a worldwide
family of distinguished and exciting brands including Audi, Bentley,
Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc.
Founded in 1955, the company's headquarters are in Herndon, Va.,
VWGoA brings vehicles to the U.S. that marry the science of
engineering and the art of styling, with the goal of offering
attractive, safe, and eco-conscious automobiles that are competitive
and set world standards in their respective classes. The company has
approximately 5,900 employees in the United States and sells its
vehicles through a 960-strong dealer network.
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Volkswagen Group of America
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