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From Apr 2022 to Apr 2024
By Ed Frankl
Volkswagen AG said Tuesday that it had entered a partnership with Berlin-based car-sharing company Miles Mobility to expand its offering.
As part of the deal, Miles Mobility acquired Volkswagen Passenger Cars' UMI Urban Mobility International GmbH, which includes its WeShare car-sharing business, the German car maker said.
The parties agreed not to disclose the purchase price, Volkswagen said.
Volkswagen also said it will deliver 10,000 all-electric vehicles to Miles Mobility from 2023, with car-sharing services available in eight German cities, including Berlin, Hamburg and Munich.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
November 01, 2022 08:10 ET (12:10 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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