01:47 PM EDT, 09/16/2024 (MT Newswires) -- Wells Fargo ( WFC ) and Volkswagen Financial Services said Monday they have struck an agreement for Wells Fargo ( WFC ) to be the preferred purchase financing provider for Volkswagen, Audi, and Ducati brands in the US market.

The partnership will begin with Audi and Volkswagen dealers and consumers in April 2025, followed by Ducati, while Volkswagen will continue to service existing customer contracts, the companies said.

Under the agreement, Wells Fargo ( WFC ) will provide a dedicated purchase experience for over 600 Volkswagen, 300 Audi, and 130 Ducati dealerships in the US, according to the statement.

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