Volkswagen looks to buy majority stake in Europcar

by SpeedLux
Europcar logo

Germany’s Volkswagen confirmed it is thinking of acquiring a majority stake in car rental company Europcar as it seeks to enter into the trend for consumers to rent instead of owning a vehicle.

The automaker said it was considering a potential transaction, along with investors Attestor and Pon Holdings, although considerations were at a very early stage and any decision is yet to be taken.

The car rental business has taken a heavy hit from the coronavirus pandemic following the collapse of the travel market.

Europcar had earlier rejected a $2.6 billion takeover bid from Volkswagen.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More