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Volvo Financial Services signs alliance with ORIX Indonesia Finance

The Volvo Group's customer finance company, Volvo Financial Services (VFS), has signed an agreement with ORIX of Indonesia Finance (ORIF) to provide a comprehensive finance program for customers of the Volvo Group in Indonesia.

The alliance with ORIF enables VFS to provide lease finance products for all Volvo Group’s brands including Renault Trucks, UD Trucks, Volvo Trucks and Volvo Construction Equipment.

The financial service offerings will be co-branded under the Renault Trucks Financial Services, UD Trucks Financial Services, or Volvo Financial Services, and the ORIX brand.

“The new VFS/ORIX alliance will improve the Group’s ability to win business and help the organization to be a truly local provider with superior resources in this key developing market,” says John Rakocy, President of VFS Asia/Pacific.

August 4, 2010

Reporters who want more information, please contact Mårten Wikforss, +46 31 66 11 27 or +46 705 59 11 49