- Wells Fargo will provide new U.S. financing for vehicle purchases as a co-branded offering with VWFS
- VWFS to focus on consumer leasing and usage-based products to better support VWGoA growth strategy in the U.S.
Reston, VA and San Francisco, CA – Volkswagen Financial Services (VWFS), the captive financial services arm of Volkswagen Group of America, and Wells Fargo (NYSE: WFC) today began their multi‑year co‑branded agreement under which Wells Fargo serves as the preferred purchase financing provider for the Volkswagen (VW) and Audi brands in the U.S. market. This new relationship will also support the Ducati brand beginning in April 2026. VWFS will continue to service retail finance contracts it originated prior to the launch date with Wells Fargo.
Volkswagen Financial Services continues to lead the customer experience in the U.S. market with Volkswagen, Audi, and Ducati brand partners and dealers. Under this agreement, VWFS will continue to focus on consumer leasing and usage‑based products, including mobility solutions, supporting Volkswagen Group’s growth strategy in the U.S.
“We are immensely grateful to the dedicated teams at VWFS and Wells Fargo who have worked tirelessly to make this alliance a reality,” said Ernst Jan van Eijkelenburg, President and CEO for Volkswagen Financial Services, and Region Manager for the North American Region. “Their hard work and commitment have been instrumental in ensuring a smooth transition. We look forward to the significant benefits this collaboration will bring to our stakeholders.”
“Since announcing this exciting new relationship, our teams have been intently focused on delivering a seamless financing experience for Volkswagen and Audi dealers and customers,” said Tanya Sanders, head of Wells Fargo Auto. “Our collaborative efforts are fueled by our shared commitment to innovation. Together, we will continue to enhance our offerings and set new standards for excellence in automotive financing and the consumer experience.”
Additional information may be found at https://www.volkswagengroupofamerica.com and www.wellsfargo.com.
About Volkswagen Group of America
Volkswagen Group of America, Inc. (VWGoA) is a wholly owned subsidiary of Volkswagen AG, one of the world’s leading automobile manufacturers and the largest carmaker in Europe. VWGoA houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Lamborghini, and Volkswagen and is the sole importer and distributer of Bugatti and Rimac vehicles in the U.S. VWGoA also operates a state‑of‑the‑art assembly facility in Chattanooga, Tennessee which produces Volkswagen brand vehicles including the Atlas, Atlas Cross Sport, and the ID.4. VW Credit, Inc. (doing business as “Volkswagen Financial Services”), a wholly owned subsidiary of VWGoA, provides financial services and innovative mobility solutions. Electrify America, another VWGoA subsidiary, is building a publicly‑accessible, nation‑wide electric vehicle charging network. VWGoA’s autonomous vehicle (AV) technology subsidiary, ADMT LLC, tests and proves AV technology. VWGoA’s headquarters are in Reston, Va. The company has approximately 10,000 employees in the United States and sells its vehicles through a network of approximately 1,000 independent dealers.
About Volkswagen Financial Services
VW Credit, Inc., dba Volkswagen Financial Services (VWFS), was founded in 1981 as the captive financial services arm of Volkswagen Group of America, Inc. and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati North America, Inc. VWFS offers services to Volkswagen, Audi, Ducati customers, and authorized dealers as Volkswagen Financial Services, Volkswagen Credit, Audi Financial Services, and Ducati Financial Services. The company offers competitive financial products and services to customers and authorized dealers in the United States. VWFS is headquartered in Reston, VA.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
Contact Information
Media
Jennifer Langan, 213‑598‑1490
jennifer.l.langan@wellsfargo.com
Rebecca Johnson, 571‑752‑5772
rebecca.johnson@vwcredit.com