The group said the guarantees would refinance car loans and secure credit lines to dealers and customers.
“The guarantees allow us to assure credit availability to our dealers and final customers, thus helping to alleviate the effects of the financial crisis,” Volkswagen Financial Services chief executive Frank Witter said in a statement cited by Reuters.
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Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
