Volkswagen Financial Services AG - Company Profile
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Volkswagen Financial Services AG (VW FS AG), a subsidiary of Volkswagen AG, offers automobile financial services. It promotes product sales of Volkswagen group brands including SEAT, Audi, SKODA, Ducati, MAN, Bentley, Lamborghini, Porsche, Bugatti, Navistar, Scania, and Volkswagen Commercial Vehicles. The group also provides leasing, vehicle financing, dealer financing, insurance, fleet management, and rental solutions ranging from passenger cars to heavy commercial vehicles. It serves private, corporate, and fleet customers. The company has a presence in Europe, North America, South America, and Asia-Pacific regions. VW FS AG is headquartered in Braunschweig, Germany.
Headquarters
Germany
Address
Gifhorner Strasse 57, Braunschweig, Niedersachsen, 38112
Website
www.vwfs.com
Telephone
49 531 2120
No of Employees
11,457
Industry
Financial Services
Revenue (2022)
$32.4B
Volkswagen Financial Services AG premium industry data and analytics
Products and Services
| Services |
|---|
| Direct Banking |
| Financing |
| Leasing |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In September, the company announced its plans to invest in Pon Holdings BV. |
| 2023 | Plans/Strategy | In September, the company announced its plans to acquire 49% stake in Bike Mobility Services. |
| 2023 | New Products/Services | In March, the company has issued its first auto Asset Backed Security(ABS) transaction based on a securitized pool of leasing contracts in Sweden. |
Competitor Comparison
| Key Parameters | Volkswagen Financial Services AG | JPMorgan Chase & Co | Ford Motor Credit Company LLC | Daimler Financial Services AG | MERCEDES-BENZ CREDIT CORPORATION |
|---|---|---|---|---|---|
| Headquarters | Germany | United States of America | United States of America | Germany | United States of America |
| City | Braunschweig | New York | Dearborn | Stuttgart | Farmington |
| State/Province | Niedersachsen | New York | Michigan | Baden-Wurttemberg | - |
| No. of Employees | 11,457 | 308,669 | 5,100 | - | - |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christian Dahlheim | Chief Executive Officer | Senior Management | 2022 | - |
| Arno Antlitz | Chairman | Executive Board | - | - |
| Mario Daberkow | Head - Information Technology (IT) and Processes; Member-Management Board | Senior Management | - | - |
| Alexandra Baum-Ceisig | Member-Management Board; Head - Human Resources and Organization | Senior Management | 2020 | - |
| Alena Kretzberg | Member-Management Board | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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