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Nov 30, 2015

Herndon, VA (November 30, 2015) – Volkswagen Group of America, Inc., today announced that Horst Meima, 47, has been named President and CEO of VW Credit, Inc. (VCI), effective January 1, 2016.

In this role, Meima will oversee all functions of VW Credit, Inc., the captive finance company which services Volkswagen, Audi and Ducati customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit and Audi Financial Services. He will also serve as Chairman of the Board for VW Credit Canada, Inc. 

Most recently, Meima served as Executive Vice President and Chief Financial Officer of VCI and brings with him more than 20 years of experience within the company, including the roles of President and CEO of former Volkswagen Bank USA, Vice President of Sales and Marketing and President and CEO of VW Credit Canada, Inc.

Meima holds an MBA degree from the UCLA (University of California, Los Angeles) Anderson School of Management, and a bachelor’s degree in economics from Colorado State University. 

Meima succeeds Dr. Christian Dahlheim, who will take on the role of Board Member for Sales and Marketing of Volkswagen Financial Services AG, in Braunschweig, Germany, effective January 1, 2016.


About Volkswagen Group of America, Inc.
Volkswagen Group of America, Inc. (VWGoA) is a wholly owned subsidiary of Volkswagen AG, one of the world’s leading automobile manufacturers and the largest carmaker in Europe. VWGoA operates a manufacturing plant in Chattanooga, Tennessee and houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc. Founded in 1955, the company's headquarters are in Herndon, Va.; the company has approximately 6,000 employees in the United States and sells its vehicles through a network of approximately 1,000 dealers.

About VW Credit, Inc. 
VW Credit, Inc. (VCI), was founded in 1981 to function as the financial service arm of Volkswagen Group of America (VWGoA) and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati Financial Services, Inc. VCI, a captive finance company, services Volkswagen and Audi customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit and Audi Financial Services. The company provides competitive financial products and services to dealers and their customers in the United States. VW Credit, Inc. also manages and markets co-branded financial services through third-party providers. The company was founded in 1981, with headquarters in Herndon, Va. It maintains operational and customer service centers in Libertyville, Ill. and Portland, Ore.; a remarketing department in Auburn Hills, Mich.; as well as regional offices in Woodland Hills, Calif.; Alpharetta, Ga.; Woodcliff Lake, N.J.; Irving, Texas; and Rosemont, Ill.


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Jeannine Ginivan