Christian Dahlheim has replaced Andrew Stuart as president and chief executive of VW Credit Inc., parent company Volkswagen Group of America announced July 30. Stuart left midmonth to become president and CEO of TD Auto Finance U.S. A seasoned executive with more than 18 years’ experience in the industry, Dahlheim most recently served as VW Credit’s chief financial officer. Previously, Dahlheim worked in Europe, joining Volkswagen Financial Services AG in 2005.
Volkswagen has had less sales success in the U.S. than it has in Europe, with year-over-year sales down 22%. The German automaker has posted a decline in sales figures for 15 straight months in the U.S.
