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Finance

Volkswagen’s financial services undergoing reorganization

FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financial Services said on Wednesday.

“By bundling its activities in a European financial services provider, the refinancing strength of Volkswagen Bank GmbH can best be used for the growth of the leasing business in Germany and Europe,” they said.

 

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(Reporting by Tom Sims and Alexander Huebner; Editing by Chris Reese)

 

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