• 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.'
Photo credit: Volkswagen posted on conceptcarz.com
