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VWoA is responsible for six marques: Audi, Bentley, Lamborghini, and Volkswagen, and in addition is the exclusive importer and distributor of Bugatti and Rimac cars in the U.S. [3] [4] It also controls VW Credit, Inc. (operating as Volkswagen Financial Services), [5] Volkswagen's financial services and credit operations. [6]
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
The Inland Processing facility is located in Commerce, Georgia for vehicles intended for distribution to dealers in Northern Alabama, Northern Georgia and the Carolinas. [19] Southeast Toyota Parts operates from a single, 410,000-square-foot (38,000 m 2) warehouse in Jacksonville, the size of 8 football fields. For 2020, $437 million in Toyota ...
In 2006, Eurazeo, the investment company, bought Europcar from the Volkswagen Group.The amount of the transaction was worth 2.4 times Europcar's turnover in 2005. The chairman of the Board of Eurazeo, Patrick Sayer, said, "We are thrilled by the acquisition of Europcar.
AIADA was established in 1970 as the Volkswagen Dealers Association in response to a growing protectionist movement in the United States. On January 30, 1970, VADA opened membership to any franchised dealer of imported automobiles and changed its name to the American Imported Automobile Dealers Association (AIADA).