KUALA LUMPUR (Oct 17): Volkswagen Capital Advisory Sdn Bhd, a wholly owned unit of Volkswagen Financial Services AG – the business arm of Volkswagen AG Group – is now offering vehicle financing and insurance to all Volkswagen passenger cars in Malaysia.
In a statement today, Germany-based Volkswagen said the launch of its financial services here means the services are now available in 50 markets globally.
“The growth markets in the ASEAN region are becoming increasingly important to us," said Reinhard Fleger, Volkswagen Financial Services AG regional manager for China, India and ASEAN.
"In Malaysia, Volkswagen is already manufacturing several car models and systematically building up its dealer network.
"In our capacity as a captive financial services provider, we are following the Volkswagen Group brands and are continuing our strategy of international growth by entering the Malaysian market now,” he added.
This, Reinhard said, is to promote the sales of Volkswagen Group brands by providing attractive products and to strengthen the relationship between dealers and customers.
Alongside classic vehicle financing and insurance, he said, the company also offers financial services compliant with the principles of Islamic banking.
Volkswagen group Malaysia delivered 11,700 automobiles to its customers during the financial year 2013 (FY13).