
Following VW's closing of the Europcar transaction, the manufacturer aims to secure a significant share of the global market for mobility services. Pilot phases of the services are slated to start in Vienna later this year and Hamburg early 2023.
Following VW's closing of the Europcar transaction, the manufacturer aims to secure a significant share of the global market for mobility services. Pilot phases of the services are slated to start in Vienna later this year and Hamburg early 2023.
Volkswagen reveals concept car as a preview of the electric vehicle family flagship. The four-door production model will be offered worldwide in the future in the premium mid-size segment.
The luxury Volkswagen ID. AERO premieres on June 27 and will be released first in China next year before coming to North America.
The bid is said to have come from Volkswagen AG and would have valued the rental company at about €2.2 billion ($2.6 billion).
Volkswagen has already been using the e-Golf for its own car sharing service, We Share, since 2018.
According to German publication Manager Magazin, Volkswagen is reportedly interested in taking a 15% in the global mobility brand.
The investment firm is looking to sell its 29.8% stake in Europcar by September. If a new owner doesn’t emerge, the company would enter talks on a debt restructuring deal.
VW has contacted Europcar to express interest in an acquisition and carry out due diligence, though the talks are preliminary.
Prague and Hamburg in the spring are to be followed by Paris, Madrid, Budapest, Munich, and Milan in the course of the year.
Waikato-based Loop operates a fleet of Volkswagen Golfs that cost about 15 NZD ($9.70) to rent per hour.
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