Deutsche Bank Unit Strengthens Link to VW

FRANKFURT -- VW Credit Inc., the financing arm of Volkswagen of America, has agreed to strengthen its relationship with Deutsche Credit Corp., a subsidiary of Deutsche Bank.

The arrangement will expand credit services offered to Volkswagen's U.S. customers and dealers, Deutsche Bank said. Deutsche Credit, which is based in Chicago, will take over management of VW Credit's $1.5 billion portfolio.

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