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Volkswagen Credit Opens New Automotive Financing Center in Portland, Ore.

18 October 2000

Volkswagen Credit Opens New Automotive Financing Center in Portland, Ore.

    PORTLAND, Ore., Oct. 18 VW Credit, Inc. announced today it
is expanding its western operations by opening a new Service Center facility
in Portland, Ore.  The new facility is located at 22823 NW Bennet Road in
Hillsboro, OR.
    The new Automotive Service Center in Portland will provide full service to
13 western states, including Credit and Funding, Customer Care and
Collections.  The Center will support the continued growth of the automotive
business and the resulting growth in the portfolio of VW Credit by better
accommodating western dealer operations later in the business day and
providing enhanced services to retail and lease customers.
    The building contains 44,407 sq. ft. and will also serve as a disaster
recovery site for VW for the US and Canada, with uninterrupted computer
service in the event of a natural disaster or prolonged power outage.  The
building will open officially on November 6, 2000 with 50 employees.  VW
Credit Inc. plans to expand to 70 people by the end of the year and add an
additional 25 after the first of the year.  The project has ultimately planned
for 218 employees.
    Patrick Clifford, Center Manager, stated, "The real motivator for this
expansion to the Portland area was to be able to offer an increased level of
service to the Volkswagen and Audi dealers in the western states.  The bonus
for those of us relocating here is the tremendous quality of life that the
Pacific Northwest offers."
    VW Credit, Inc. is a customer oriented, full-service automotive financing
company that markets its products under the Volkswagen Credit, Audi Financial
Services and Bentley Financial Services brands.  VW Credit, Inc. is a wholly
owned subsidiary of Volkswagen of America, Inc. and is headquartered in Auburn
Hills, Michigan.