 |
| Company Profile |
| Volkswagen Financial Services are part of the Volkswagen Group of companies with a long and successful tradition. | ||
| Date | ||
| 1938 |  |
Launch of a Savings Account for the Volkswagen Beetle 'The Peoplesī Car'. |
| 30 June 1949 | Volkswagen Finanzierungsgesellschaft mbH (Volkswagen Finance) was established. | |
| 1964 |  |
German car dealers offered for the first time the opportunity to finance their own stocks of vehicles through Volkswagen Bank GmbH. |
| 1966 | Volkswagen Leasing GmbH set up. | |
| 1975 | Takeover of Audi NSU Kreditbank after the acquisition of Audi NSU by Volkswagen. | |
| 1989 | Re-organisation of the Volkswagen international financial services businesses and establishment of the FS-Division based at Braunschweig Germany. | |
| 1990 | Launch of EUROCARD/MasterCard and launch of the Visa Volkswagen and Audi credit card operation. | |
| 1st January 1994 | Consolidation of all European finance companies within "Volkswagen Financial Services AG" operation. | |
| 1st April 1994 | Volkswagen Financial Services (UK) Limited is established as new company in Great Britain. | |
| April 1995 | SEAT Finance is set up as a new trading style at the Milton Keynes, UK Headquarters of VWFS (UK) Limited. | |
| May 1995 | Skoda Finance as a new trading style commences operations at the Milton Keynes, UK Headquarters of VWFS (UK) Limited. | |
| December 1998 | International Fleet Management GmbH Germany established, commencing operations in the second quarter of 1999. | |
| 1999 |  |
Volkswagen Bank direct - launches sales of investment funds with
co-operating partner ADIG-Investments in Germany.
VWFS AG celebrates 50 years of operation. |
| 29th January 1999 | VWFS (UK) Limited opens its new Headquarters building in Milton Keynes. | |
| April 1999 | Volkswagen Financial Services AG acquired the shares in Volkswagen-Versicherungsdienst GmbH, Wolfsburg,Germany (VVD). Established in 1948, VVD have been conducting extensive motor insurance business within Germany with 985,000 insurance policies in place at the end of 1999. |
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| June 1999 | Volkswagen Bank GmbH launch Internet mortgage loans in Germany. | |
| 1st June 1999 | VWFS (UK) Limited launches its new business and systems services at its new Milton Keynes HQ operation. | |
| 1st October 1999 | Bentley Financial Services set up as new trading style at the Milton Keynes UK Headquarters building. | |
| 2000 | Working with our Customers initiative is established | |
2002 |
New Solutions is launched |
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| 2003 |
Volkswagen Insurance Services - starts new UK based operations based at the VWFS HQ building |
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| 1st April 2004 | Volkswagen Financial Services (UK) Limited celebrates a decade of trading in the UK. | |
| 4th January 2005 | Volkswagen Financial Services (UK) Limited successfully launches the UK branch of Volkswagen Bank GmbH. | |
| 10th October 2005 | Volkswagen Group Leasing launched
Volkswagen Group Leasing is the leasing arm of Volkswagen Financial Services (UK) Limited, and offers Contract hire, Leasing and other fleet services and bespoke solutions to business users of Volkswagen Group vehicles. The new European wide name is also intended to clearly communicate to customers the expertise, level of service and quality that customers expect from a company of this stature. This strategic decision brings the UK based operation in line with other European countries. |
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| VWFS Worldwide The international finance business of the Volkswagen Group is controlled by Volkswagen Financial Services AG. Its highest volume subsidiaries are Volkswagen Bank GmbH, Volkswagen Leasing GmbH and Volkswagen Versicherungsdienst GmbH (Volkswagen Insurance Services) with their branches for the different Volkswagen Group brands. The expansion of the Volkswagen Financial Services operation has progressed considerably since 1994 with worldwide operations being established on an ongoing basis. |
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