VW CREDIT, INC. ANNOUNCES LAUNCH OF DUCATI FINANCIAL SERVICES

HERNDON, Va. (September 19, 2013) - VW Credit, Inc. (VCI), a subsidiary of Volkswagen Group of America, Inc., today announced that they will now offer retail financing for new and used Ducati motorcycles in the U.S. The newly established Ducati Financial Services (DFS) will officially begin operations in September 2013 and will offer customer financing through Ducati dealers across the U.S. In addition, DFS will offer ancillary products for new and used motorcycles, including the Ever Red Motorcycle Protection Plan, Total Loss Protection plan, and Road Hazard Tire and Wheel Protection plans.

Ducati is a premium motorcycle brand that was founded in 1926 in Bologna, Italy. In April 2012, Ducati was acquired by Audi AG. Ducati sold more than 44,000 motorcycles worldwide in 2012, of which 9,258 retailed in the U.S., making this Ducati’s largest market.

"We are delighted to offer competitive retail financing and ancillary products for the Ducati premium motorcycle brand,” said Andrew Stuart, CEO of VW Credit, Inc. “With Ducati Financial Services, Ducati customers and dealers have a strong captive finance partner. They will benefit from more than 30 years of experience in the automotive finance business and we are really looking forward to working together."

Dominique Cheraki, General Manager of Ducati North America, stated: “The introduction of Ducati Financial Services marks an historical time for Ducati North America. With specifically tailored, in-house programs, we are now able to effectively enhance and improve the customer buying and ownership experience. The implementation of a program of this magnitude represents a milestone in the development of Ducati and its growing dealer network in North America.”


About VW Credit, Inc.

VW Credit, Inc., which provides financial products and services to Volkswagen and Audi dealers and their customers in the United States was founded in 1981. The company also manages and markets co-branded financial services through third-party providers. With headquarters in Herndon, Va, the company maintains operational and customer service centers in Libertyville, Ill. and Portland, Ore.; a remarketing department in Auburn Hills, Mich.; as well as regional offices in Woodland Hills, Calif.; Alpharetta, Ga.; Woodcliff Lake, N.J.; Irving, Texas; and Rosemont, IL.

About Ducati of America

For more information about Ducati North America, Ducati’s line of performance motorcycles, apparel and, now, Ducati Financial Services, please visit www.ducatiusa.com or your local Ducati dealer.

About Volkswagen Group of America, Inc.

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 operates a manufacturing plant in Chattanooga, Tennessee and houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc. Founded in 1955, the company's headquarters are in Herndon, Va., VWGoA brings vehicles to the U.S. that marry the science of engineering and the art of styling, with the goal of offering attractive, safe, and eco-conscious automobiles that are competitive and set world standards in their respective classes. The company has approximately 5,900 employees in the United States and sells its vehicles through a 960-strong dealer network.

CONTACT:

Carsten Krebs
Volkswagen Group of America
(703) 364-7165
Carsten.Krebs@vw.com

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VW credit, Inc. Announces Launch of Ducati Financial Services

   
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