Volvo Financial Services Revenue and Competitors

About Volvo Financial Services Volvo Financial Services (VFS) was formed in 2001 when Volvo consolidated a number of smaller finance units from its various business areas into a single business area changed with having sales financing as its core competence. The primary focus of VFS is to provide a full range of financial services to customers and dealers of the Volvo Group. Headquartered in Greensboro, North Carolina, VFS is active throughout Europe, the Americas, Asia and Australia. VFS's team of about 1,250 professionals manages approximately 13.7 billion US dollars of assets, located in about 60 countries. The purpose of VFS is to support Volvo Group with customer and dealer financing solutions at all stages of the business cycle. We partner with our sister product companies to provide a full range of financial services for Volvo's customers and dealers. VFS provides financial services for the Volvo Group's brands which include Mack, Renault trucks, UD Trucks and Volvo truck, as well as Volvo Construction Equipment, Volvo Buses, Volvo Aero and Volvo Penta. Building a solid, diversified portfolio of customer leases and loans is key to our long term success. Apart from our customer-focused products and services, VFS contributes to the Group's results through cycle-resistant earnings growth, cash flow, low funding costs, professional risk management, and customer retention activities. In short, VFS plays an important role in Volvo's strategy for becoming the world's leading provider of commercial transport solutions.