Through the network of Kosmocar dealers, the Greek customers will first be offered the AutoCredit three-option financing, classic instalment credit, and vehicle insurance cover. The Volkswagen financial service providers have thus extended their one-stop shopping strategy - providing the customer with all auto financial service products directly at the point-of-sale - to include the Greek market as well. Additional insurance products, from accident cover to fire and theft protection, are being offered by Volkswagen Bank along with the financing. Further products and services are being planned.
The extension of the branch network in Europe is the basis of the expansion strategy pursued by Volkswagen Bank GmbH. Taking advantage of the so-called European Passport, which entitles a company to set up a branch or subsidiary in another EU country, the Braunschweig-based company is now represented with its own branches in eight EU countries.
Volkswagen Bank GmbH, a subsidiary of Volkswagen Financial Services AG founded in 1949, is Europe's leading automobile bank with total assets of 16.2 billion euros as at 31.12.2003 and a current level of around 1.31 million customer finance contracts. The products offered by the Braunschweig-based company range from the financing and insurance of new and used Volkswagen Group vehicles over direct banking to dealer financing.
Contact:
Heike Löffler-Schrimpf
Press and Public Relations,
Volkswagen Bank GmbH Germany
Tel.: +49 53 12 12 26 89
Fax: +49 53 12 12 27 27
E-mail: h.loeffler@vwfsag.de
Maria Bike
Marketing Manager, Volkswagen
Bank GmbH Greece
Tel.: +30 210 8925 980
Fax: +30 210 8925 959
E-mail: m.bike@vwfsag.com