Scania and Volkswagen initiate financial services cooperation in the Chinese market

Scania and Volkswagen initiate financial services cooperation in the
Chinese market

Scania Sales (China) Co., Ltd and Volkswagen Finance (China) Co. have
entered into a strategic alliance enabling Scania to offer flexible
financial solutions to its customers that help them to grow their
businesses and better manage their costs and risks.

“Through this alliance, Scania China is taking a big step forward in
offering a complete range of services to Chinese customers,” says Peter
Sjöblom, Managing Director of Scania China.

Chinese transport companies are increasingly trying to optimise their
total operating economy in the same way as in mature markets.

“They are demanding a higher level of financial assistance so that they
can purchase and operate sophisticated vehicles with a high investment
cost,” concludes Mr Sjöblom.

The financing alliance between VW and Scania will enable Scania's
customers in China to choose the financial products and solutions that
best serve their long-term business planning needs, including loans of
up to four years.

Volkswagen Finance China, a subsidiary of Volkswagen Financial Services
AG, is the first wholly-owned foreign automotive financial service
provider in China.

For further information, please contact Hans-Åke Danielsson, Press
Manager, Scania, tel +46 8 553 856 62.