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The Volkswagen Group has announced the closure of the Europcar transaction. Volkswagen’s aim is to accelerate Europcar Mobility Group’s transformation to become the leader in sustainable mobility through technology and data.

The company will continue its existing partnerships while, at the same time, becoming a cornerstone of Volkswagen’s future mobility platform through its NEW AUTO strategy.

Europcar Mobility Group’s offer will cater to a wide variety of the customers’ mobility needs, from car sharing for a few hours to car subscription for multiple months. 

Autonomous vehicles will also be introduced in the second half of the decade. 

With pilot projects in Munich and Hamburg, VW is currently testing the first autonomous ID. Buzz and plans to implement similar autonomous driving projects in other major cities in Europe, China and the U.S.

In 2025, Volkswagen will provide its first commercial autonomous mobility service in Europe, shortly followed by the U.S.

The company says Volkswagen Financial Services are ‘an essential part of the NEW AUTO strategy and have a core role with regard to Mobility Solutions’. 

Christian Dahlheim, CEO of Volkswagen Financial Services, says: “We are really excited that our customer-centric vision of future mobility materializes with the closing of the Europcar transaction. Its dedicated team brings important capabilities and assets to the table that help us to realize our plans swiftly. Our expectation is that by far most people will still prefer individual mobility by 2030, but it will be more about using and less about owning vehicles. Our new mobility platform will perfectly respond to this trend with a highly flexible and convenient offering at our customers’ fingertip. Autonomous vehicles will be the next gamechanger and lift the platform to an even higher level on the way to NEW AUTO.”

Volkswagen Id. Buzz Covered Drive

Europcar Mobility Group delivers its mobility solutions worldwide through a network in over 140 countries.

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