• Managed assets exceed 100 Billion SEK
• Volvo Automotive Finance (China) Limited obtained a leasing license
• Acquired ACE Sogo Leasing Co., Ltd., thereby establishing VFS Japan, headquartered in Tokyo, Japan
• 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)
• Announced strategic alliance with SREI BNP Paribas in India