Release Date:
Release ID: 5138

Scania and Volkswagen initiate financial services cooperation in the Chinese market

Scania Sales (China) Co., Ltd and Volkswagen Finance (China) Co. have entered into a strategic alliance enabling Scania to offer flexible financial solutions to its customers that help them to grow their businesses and better manage their costs and risks.

“Through this alliance, Scania China is taking a big step forward in offering a complete range of services to Chinese customers,” says Peter Sjöblom, Managing Director of Scania China.

Chinese transport companies are increasingly trying to optimise their total operating economy in the same way as in mature markets.

“They are demanding a higher level of financial assistance so that they can purchase and operate sophisticated vehicles with a high investment cost,” concludes Mr Sjöblom.

The financing alliance between VW and Scania will enable Scania’s customers in China to choose the financial products and solutions that best serve their long-term business planning needs, including loans of up to four years.

Volkswagen Finance China, a subsidiary of Volkswagen Financial Services AG, is the first wholly-owned foreign automotive financial service provider in China.
59 Piccadilly Manchester M1 2AQ
Telephone: +44 (0)161 408 0542
Fax: +44 (0)870 432 1732

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