Volkswagen AG | Auto Finance News | Page 3 | Auto Finance News - Part 3

VW Credit’s ABS Trusts Buoyed by Emissions Scandal Settlement

The $1.2 billion Volkswagen AG settlement approved by a U.S. federal court – to be issued to VW dealers in the US affected by the company’s diesel-emissions scandal – is viewed as “credit positive” by Moody’s Investor Services. The final settlement should buoy the outlook for the outstanding floorplan ABS transactions issued by VW Credit […]

Volkswagen AG and Gett Seal the Deal [VIDEO]

The partnership formed by Volkswagen AG and Gett, an on-demand mobility provider, will put the German manufacturer “in a position to give licensed Gett drivers access to vehicles from our Group brands at special terms and conditions,” according to a joint statement sent to AFN. This partnership, which was announced at a June 1st kick-off event at the Drive Volkswagen Group Forum, […]

‘Special Terms’ on VW Brands Coming to Gett Drivers

The partnership formed by Volkswagen AG and Gett, an on-demand mobility provider, will put the German manufacturer “in a position to give licensed Gett drivers access to vehicles from our Group brands at special terms and conditions,” according to a joint statement sent to AFN.  “Special package offers will conveniently pool various costs such as purchase or finance as well as […]

Toyota, VW Leapfrog into Rideshare with Uber, Gett Partnerships

Toyota Motor Corp. and Volkswagen Group are jumping into the rideshare game with strategic investments, the companies announced today. Through a collaboration with Uber, Toyota Financial Services will launch a new leasing program as part of a broader initiative to boost its mobility efforts. Volkswagen, meanwhile, will invest $300 million in global ride-hailing provider Gett. […]

VW Captive Ends 2015 Higher, Despite Dieselgate

Volkswagen Financial Services expects outstandings to grow about 5.8% worldwide for 2015, despite the VW diesel emissions scandal, which surfaced in September and cut into sales. The captive forecasts around 13.1 million loan and lease contracts at yearend. VWFS had “excellent business performance until late summer of this year,” the lender said in a written statement in […]

S&P Downgrades Volkswagen AG and Captive

Standard & Poor’s Ratings Services today downgraded Volkswagen AG and captive finance company Volkswagen Financial Services, based on concerns stemming from VW’s growing diesel emissions scandal. S&P lowered VW and VW Financial Services one notch, to “A-/A-2,” from “A/A-1,” the ratings agency said. The downgrade could hike VW’s cost of funds. “We consider that the […]
Page 3 of 4«1234 »