VOLKSWAGEN AKTIENGESELLSCHAFT HISTORICAL NOTES I 6 A series of publications from Volkswagen Aktiengesellschaft, Corporate History Department Bank, Leasing, Insurance – A Chronicle of 60 Years of Services Financial of Bank, Leasing, 60 – A Chronicle Years Insurance | VOLKSWAGEN FINANCIAL SERVICES AG AG SERVICES FINANCIAL VOLKSWAGEN 6 © Volkswagen Aktiengesellschaft FSC_Nummer | Corporate History Department Gedruckt auf FSC- Letter box 1974 zertifi ziertem Papier 38436 Wolfsburg/Germany Volkswagen Financial Services AG www.volkswagen.de E-Mail:
[email protected] Bank, Leasing, Insurance – A Chronicle of 60 Years of Financial Services HISTORICAL NOTES HISTORICAL HISTORICAL NOTES A series of publications from Volkswagen Aktiengesellschaft, Corporate History Department Volkswagen Financial Services AG Bank, Leasing, Insurance – A Chronicle of 60 Years of Financial Services IMPRINT EDITORS for the Corporate History Department of Volkswagen Aktiengesellschaft Manfred Grieger, Ulrike Gutzmann, Dirk Schlinkert TEXT Eike-Christian Heine Matthias Dudde REPRODUCTION AND DIGITAL IMAGE PROCESSING SHIFT MEDIA, Herten DESIGN design agenten, Hanover PRINTED BY Hahn-Druckerei, Hanover ISSN 1615-1593 ISBN 978-3-935112-38-3 © Volkswagen AG 2009 Wolfsburg 2009 CONTENTS Volkswagen Financial Services AG Bank, Leasing, Insurance – A Chronicle of 60 Years of Financial Services 1. The Global Mobility Service Provider 06 2. From Lender to Banker: Volkswagen Bank 16 3. Mobility for a Fixed Term: Volkswagen Leasing 30 4. Safe Driving: Volkswagen Insurance 38 5. Chronicle 48 The Global Mobility Service Provider 6 THE GLOBAL MOBILITY SERVICE PROVIDER The Financial Services strategy In November 1988, the then Chairman of the Board of mbH” (VFG), was operating on a twofold basis in autumn Management, Carl H. Hahn, stood in front of the Superviso- 1988: in Retail Financing, car loans were offered to custom- ry Board and described the strategy for the reorientation of ers buying the Group marques Volkswagen, Audi and Seat.