Press Release

Braunschweig, July 8, 2009

Volkswagen Financial Services AG: Market entry in Norway

Volkswagen 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.

The corresponding agreement has been signed today. The new company to be formed will be based in Oslo. The spectrum of products will comprise financing, leasing and insurance for the brands Volkswagen, Audi, Skoda, and Volkswagen Nutzfahrzeuge in the private and corporate customer segments. The start of business operations is subject to the necessary official approval. 

The Volkswagen Norwegian Importer Harald A. Møller AS was named Importer of the Year by Volkswagen AG in 2008. 

Information for editors
Volkswagen Financial Services AG is a wholly-owned subsidiary of Volkswagen AG with headquarters in Braunschweig. The market leader for automobile financial services in Europe is responsible for the coordination of the worldwide financial services activities of the Volkswagen Group. Volkswagen Financial Services AG has more than 6,600 employees worldwide – including over 4,100 alone in Germany (as at: 31.12.2008). As at the end of 2008, Volkswagen Financial Services AG reported total assets of around 57 billion euros, a pre-tax result of 792 million euros, and a portfolio of more than 5.79 million current contracts.

Contact for press inquiries: 

Dennis Eisenhauer
Tel.: +49 (0)5 31 / 2 12-55 41
Fax: +49 (0)5 31 / 2 12-27 27