Date | |
Braunschweig, 4th February 2010 | Volkswagen Financial Services AG: Market entry in the Baltic StatesBraunschweig, February 4th, 2010. Volkswagen Financial Services AG has been providing financial services for the first time in the Baltic States of Lithuania, Latvia and Estonia since the beginning of February 2010. This is being done together with the Nordea Finance companies in the Baltic and the importer Auto Group Baltic within the framework of a cooperation agreement. A corresponding contract was signed at the beginning of this year. |
Braunschweig, September 24th , 2009 | Volkswagen Leasing GmbH opens up Euro ABS marketThe securitisation transaction Volkswagen Car Lease 11 (VCL 11) has been successfully placed with a broad range of investors on 24th September. This was the first benchmark Auto ABS (Asset-Backed Securities) transaction since September 2008 to be fully marketed to investors via a roadshow and subsequent bookbuilding process. The syndicate of banks, led by J.P. Morgan, VW Bank and WestLB, was able to price both tranches at the lower end of the price range thanks to the significant investor demand and high oversubscription levels. |
Braunschweig, July 8th, 2009 | Volkswagen Financial Services AG: Market entry in NorwayVolkswagen Financial Services AG plans to offer financial services on the Norwegian market for the first time starting at the end of 2009 within the framework of a joint venture with the Norwegian importer MøllerGruppen. |
Frankfurt am Main, 17th March 2009 | Volkswagen Financial Services AG: Growth course has further continued in 2008Frankfurt am Main, 17th March 2008. Volkswagen Financial Services AG (VWFSAG) has also continued on its growth course during the 2008 business year just ended. |
Frankfurt am Main, 18th March 2008 | Volkswagen Financial Services AG: Growth course has further continued in 2007 |
Braunschweig/Düsseldorf, 5th November 2007 | Volkswagen Leasing GmbH Drives ABS Market Volkswagen Car Lease 10 (VCL 10) was successfully placed with a broad range of investors on November 2nd. This was the first benchmark ABS transaction since August 2007 to be fully marketed to investors via a roadshow and subsequent bookbuilding process. The syndicate of banks, led by WestLB as Sole Bookrunner and Fortis, was able to price both tranches at the lower end of the price range thanks to significant investor demand and oversubscription levels. |
Braunschweig/ Ciudad de México, 25th October 2007 | First automobile and direct bank in MexicoAs of immediately, Volkswagen Financial Services AG (VWFSAG) is represented in Mexico by its own captive automobile bank. As the first such automobile bank, Volkswagen Bank Mexico is not only taking on a pioneering role on the Mexican market for the future, it is also the only institute to date that is in a position to provide direct bank products to that country's private customer segment. |
Braunschweig, 11 May 2007 | Volkswagen Financial Services AG sells participation in vdf Otomotiv Fleet Services A.S., Istanbul, to LeasePlan Corporation N.V. Volkswagen Financial Services AG sells its indirect 51% stake in vdf Otomotiv Fleet Services A.S., Istanbul/Turkey to LeasePlan Corporation N.V. |