History

History of VFS

1959-1999

  • Customer finance activities within each product company
  • Treasury operations developed as a separate entity
  • Real estate operations established in Sweden
  • Insurance companies and partnerships created
  • Sales Financing declared a "core competency"  for the Group (1994)

2000

  • VFS business unit created

2001

  • VFS established as the 8th Volvo Business Area (including customer finance, Danafjord, Treasury and related services)

2006

  • VFS transfers Danafjord and Treasury to AB Volvo, thereby becoming a pure customer finance company