Volkswagen Group's financial-services arm expects to reach an earnings target four years early thanks to surging demand for used cars. The division will generate an operating profit of 4 billion euros ...

WASHINGTON (Reuters) -Volkswagen Group of America's wholly owned finance unit has agreed to pay $48.75 million to resolve a government lawsuit that accused the German automaker and its former CEO of ...

Volkswagen's captive finance division will stop writing loans for VW and Audi vehicles in the U.S. In the manufacturing world, the UAW has filed an unfair labor practice charge against Stellantis over ...

Volkswagen Group is separated into an Automotive and a Financial Services division. Financial Services are highly profitable and responsible for one quarter of the operating profit. Profit margins are ...

In an internal newsletter sent last week, Chief Financial Officer Frank Witter prodded managers to get behind a goal to reach a valuation of $221 billion, arguing that a higher stock price will help ...

VW Group acknowledges EV sales haven't taken off as expected The conglomerate believes EVs are still the future Current realities mean VW Group will continue to budget a third of its R&D funding to ...

MONTREAL--(BUSINESS WIRE)--Audi Finance and Volkswagen Finance, the automotive captive finance company of the Audi, Ducati and Volkswagen brands in Canada and Lexop, a self-serve facilitation software ...

Volkswagen’s car finance arm has been fined £5.4 million by the UK’s financial watchdog for failures that included taking cars away from vulnerable people. The motor finance firm, Volkswagen Finance, ...

For the first two months of this year, Volkswagen was on a very nice roll. Overall its sales were up 9.4%, and its SUV sales alone were up 15%. The latter figure was particularly heartening for the ...

Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double its market value and gain investor recognition for ...