2020-06-24T12:30:01+00:00

Volkswagen in talks to acquire French car rental firm Europcar

Europcar in the Hamburg Airport Credit: Hamburg Airport

Reuters reports that German carmaker Volkswagen approached French car rental firm Europcar, that struggles to cope with the economic impact of the Covid-19 pandemic. The deal, if completed, would signal a reversal of strategy for Volkswagen, that sold Europcar in 2006 for €3.32 billion.

In May, Europcar's competitor Hertz filed for bankruptcy protection.

Sources: Content Sources

Source: Reuters

Image Source

Hamburg Airport

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