Volkswagen, Ford to exit auto finance business in India

Volkswagen, Ford to exit auto finance business in India

The logo of Ford Motor Company is on display at a dealership of Genser company in Moscow, Russia, February 14, 2017. REUTERS/Maxim Shemetov/Files

The auto financing arms of Volkswagen AG and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters.