As a business division of the Volkswagen Group, Volkswagen Financial Services AG coordinates the global financial services activities of the automotive manufacturer. Founded in 1949, the company has grown to become the world's largest automotive financial services provider. Its core business encompasses dealer and customer financing, leasing, direct banking and insurance activities, fleet management, and a variety of mobility services such as car subscriptions and auto rentals, all designed to promote vehicle sales for the Volkswagen Group brands and support customers' mobility needs.