Volkswagen Credit, the automaker’s U.S. captive finance arm, is not subject to the hiring freeze announced by its parent, Volkswagen Financial Services AG, a spokesman says.
As reported last week, Volkswagen Financial Services has implemented a hiring freeze until the end of the year, in response to the automaker’s diesel-emissions scandal.
The freeze is in effect in Germany only, and “there will be no impact on Volkswagen Financial Services’ business with the dealers,” the spokesman said
He added that Volkswagen has not made any employment cuts in its finance arm.
“The freeze is just a preventive measure,” he said.
Volkswagen Financial Services’ hiring freeze comes after the EPA charged Volkswagen with designing some of its VW and Audi diesel models to cheat on emissions tests. VW sold the vehicles with illegal emissions control software designed to make the cars appear cleaner in testing.
Based on an estimate from the EPA, 482,000 VW vehicles sold in the U.S. since 2009 were polluting at up to 40 times the legal limit.
The automaker has said it will refit as many as 11 million vehicles worldwide.