As fully-owned subsidiary of Volkswagen AG, Volkswagen Financial Services AG operates and coordinates the financial service activities of the Volkswagen Group all around the world. Volkswagen Financial Services AG employs more than 11,000 employees around the world. The balance sheet total was 130.1 billion euros (as of 31.12.2016).
As partner of the Volkswagen group brands, Volkswagen Financial Services AG makes an important contribution to the sales promotion and ensures long-term customer loyalty to the products of Volkswagen, Audi, Seat, ŠKODA, Ducati, Volkswagen Nutzfahrzeuge, MAN and other group brands.
Volkswagen Financial Services AG is a long-standing partner of the trade - as financial services provider and consultant. In addition to vehicle financing and leasing, it offers numerous mobility services such as fleet management, rental solutions from passenger cars to heavy-duty commercial vehicles.
This approach, to be able to offer everything from a single source (in addition to motor insurance), has given birth to many successful products in the meantime: Reliable services without unexpected high costs, whether you are using your vehicle privately or you move an extensive company fleet. The customers will be able to access more and more the comfortable mobile payment solutions, in Germany for example Travi Pay, a modern payment solutions of Volkswagen Financial Services subsidiary Sunhill Technologies. Also in the international competition, Volkswagen Financial Services AG have assumed a leading position for the mobile settlement of parking fees with the takeover of PayByPhone.
In this way, Volkswagen Financial Services AG will seek a key position in the competition also in the future, for example when it comes to services that result from new forms of mobility and the requirements of fully networked automobiles.
