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Volkswagen’s future Mobility Solutions materialize with closing of Europcar transaction

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Christoph Oemisch
Christoph Oemisch
Corporate Communications Spokesperson, Finance and Sales
Dr. Carsten Krebs
Dr. Carsten Krebs
Volkswagen Financial Services AG | Head of Communications
The image features a close-up of the front of a Volkswagen vehicle with a shiny VW emblem, parked in front of a Europcar rental location. The green Europcar signage is prominently displayed above the entrance, while another rental brand, Buchbinder, is reflected in the background. The scene suggests a partnership or rental service offering Volkswagen vehicles through Europcar.
  • Group set up to exploit rapidly growing profit pool with NEW AUTO strategy
  • Europcar will be cornerstone of new platform which will cover customers’ mobility needs from sharing for a few hours to subscription for multiple months
  • Two-step approach: first centralize services, then add autonomous vehicles
  • Pilot phases of services to start in Vienna (Q4/22) and Hamburg (Q1/23)

Wolfsburg, Braunschweig. Volkswagen delivered another important milestone of its NEW AUTO strategy with the closing of the Europcar transaction. The Group is aiming to secure a significant share of the global market for mobility services which is expected to grow rapidly in the course of the decade. Together with its consortium partners Attestor and Pon Holdings, Volkswagen will 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. 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. Pilot phases of mobility services in partnership between Volkswagen, Porsche Bank and Europcar are to start as early as Q4/22 in Vienna. Hamburg is expected to follow in Q1/23. An important next step for the platform will be the introduction of autonomous vehicles in the second half of the decade. This will enable entirely new services and lift the business to an even higher level of efficiency and profitability.

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The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.