Plus   Neg

Volkswagen Reportedly Mulls Acquisition Of French Car Rental Group Europcar

Volkswagen AG (VKW.L,VLKAF.PK,VOW.BE) is in talks to buy French car-rental company Europcar Mobility Group, reports said citing people familiar with the matter.

The German car major has reached out to Europcar to express its interest and the talks are preliminary. Europcar has also drawn interest from other buyers, reports said.

With the purchase, Volkswagen is planning to expand its mobility services offerings, including rental and leasing programs for new and used electric cars.

Volkswagen had sold Europcar to investment firm Eurazeo SE in 2006.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
Follow RTT