VW Offloads German Car-Sharing Business for EV Sales Boost
Miles Mobility will integrate WeShare’s VW-branded electric vehicles into its fleet.
Source: Volkswagen AGThis article is for subscribers only.
Volkswagen AG is selling its WeShare car-sharing business to German startup Miles Mobility GmbH as Europe’s biggest automaker retreats from what has largely been an unprofitable industry.
Miles will integrate WeShare’s 2,000 VW-branded electric vehicles into its mostly combustion-engine fleet of 9,000 cars, the companies said Tuesday. Miles also ordered 10,000 EVs from the manufacturer, with deliveries due to begin next year.