January 25, 2015 6:06 AM ET

Consumer Finance

Company Overview of Volkswagen Financial Services AG

Company Overview

Volkswagen Financial Services AG provides various automobile financial services for private/corporate and fleet, and direct banking customers in Germany, Europe, Latin America, and the Asia Pacific. It also leases individual vehicles as well as vehicle fleets to private and corporate customers; and insurance brokerage and direct banking services. The company is headquartered in Braunschweig, Germany. Volkswagen Financial Services AG is a subsidiary of Volkswagen AG.

Gifhorner Strasse 57

Braunschweig,  38112

Germany

Founded in 1994

10,380 Employees

Phone:

49 531 2120

Key Executives for Volkswagen Financial Services AG

Head of Asset Backed Securitisation
Head of Strategic Trends & Innovation
Head of Capital Markets & Rating
Head of Treasury and Investor Relations
Head of Human Resources and Organistional Development
Compensation as of Fiscal Year 2014.

Volkswagen Financial Services AG Key Developments

Volkswagen Financial Services AG Reports Earnings Results for the First Three Quarters of 2014; Provides Earnings Guidance for the Full Year of 2014

Volkswagen Financial Services AG reported earnings results for the first three quarters of 2014. For the period, the company's EBIT stood at EUR 1.2 billion, up 8% on the year. The company's arm expects this year's operating profit to exceed the result achieved in 2013.

Volkswagen to Build New SUV in Tennessee, Add 2,000 Jobs

Volkswagen announced that it will build a new seven-passenger SUV at its Chattanooga, Tennessee, factory, adding about 2,000 jobs. The German automaker says it will invest $600 million in the factory and a new research center that will employ about 200 engineers. Production of the new SUV is scheduled to start at the end of 2016. The plant now employs about 1,500 workers and makes only one model, the Passat midsize car. The company says the SUV is part of a plan to increase U.S. sales to 800,000 vehicles by 2018. VW sold just over 407,000 vehicles in the U.S. last year including its Audi, Lamborghini and Bentley brands. The new model is seen as key to reviving Volkswagen's flagging sales in the U.S.

Volkswagen Financial Services AG to Report First Half, 2014 Results on Aug 01, 2014

Volkswagen Financial Services AG announced that they will report first half, 2014 results on Aug 01, 2014

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