Volkswagen-led consortium to acquire Europcar for $3.4bn.

Volkswagen, Attestor, an asset management company, and Pon Holdings, a mobility group, offered to acquire Europcar Mobility Group, a French car rental company, for $3.4bn. “The mobility market is changing rapidly as customers increasingly demand new and innovative on-demand mobility solutions, such as subscription and sharing models to complement car ownership. Europcar provides advanced fleet management capabilities as well as a broad network of stations at major airports, railway stations and city locations and will help accelerate Volkswagen’s delivery of its ambitious mobility services targets,” Herbert Diess, Volkswagen CEO.