Mission & vision

History

1959- 1999
• Customer finance activities handled within each product company
• Customer finance operations developed as a separate unit for some product companies”
• Ability to provide sales financing seen as a “core competency” for the Volvo Group in 1994

2001
• Established as the 8th Business Area in AB Volvo, headquartered in Montvale, New Jersey (USA)
• Concluded the 1st Cross Border Financing into Asia (Indonesia) via VFS International AB

2002
• Launched of Mack Financial Services and Renault Trucks Financial Services

2006
• Danafjord and Treasury responsibilities transferred to AB Volvo, thereby becoming a pure customer finance company
• First VFS entity in Asia – establishment of Volvo Automotive (China) Limited in Beijing, PR China

2008
• Managed assets exceed 100 Billion SEK

2009
• Volvo Automotive Finance (China) Limited obtained a leasing license
• Acquired ACE Sogo Leasing Co., Ltd., thereby establishing VFS Japan, headquartered in Tokyo, Japan

2010
• Announced strategic alliances with ORIX in Indonesia and United Overseas Bank in Thailand
• Set up Volvo Financial Services India in Bangalore as a business division operating under Volvo India Pvt. Ltd.                                                               
• Moved VFS headquarters to Greensboro, North Carolina (USA)

2011
• Announced strategic alliance with SREI BNP Paribas in India