vw’s new division takes aim at uberstyle competition
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

VW’s new division takes aim at Uber-style competition

Arab Today, arab today

Arab Today, arab today VW’s new division takes aim at Uber-style competition

Volkswagen is shifting its focus beyond selling cars
London - Arab Today

Volkswagen has launched a new digital business division to take on services such as Uber, shifting its focus beyond selling cars to catering for customers who prefer to pay for use rather than own a vehicle.
VW will offer on-demand shuttle services next year through the new division, to be called MOIA. That takes Europe’s largest carmaker deeper into digital mobility services after investing in ride-hailing business Gett earlier this year.
“Mid and long-term MOIA will create the kinds of services that will meet the needs of urban citizens,” Ole Harms, head of the new division said.
VW, seeking to recover from its diesel emissions scandal, expects to earn a substantial share of revenues by 2025 from the new services business as it revamps its core brand while investing billions of euros in electric vehicles, ride-hailing and self-driving cars.
The business prospects are huge, consultants A.T. Kearney said in a study published in October. 
The global market for self-driving vehicles and related services may surge to $282 billion by 2030 from $51 billion in 2020, the firm said.
VW has been slow to embrace electric cars and has long ignored alternatives to ownership, while German rivals Daimler and BMW have for years been running their own car-sharing operations.
BMW plans to test self-driving cars in Munich as a way to advance a new ride-hailing business model without needing drivers, the company said.
VW made it clear it wants to make up for lost time as it used a London startup conference to launch MOIA.
“Even though not everyone will still own a car in future, MOIA can help make everyone a customer of our company in some way or another,” CEO Matthias Mueller said.
Mueller said last month that Volkswagen has been in talks with Uber on potential cooperation but the carmaker would not settle for the role as a mere supplier.
The German company wants to become a leader in the new services in Europe over the next 1-2 years, Harms said late on Sunday, adding that Berlin-based MOIA’s workforce will quadruple to 200 staff next year.
“We want to bring our services to the market at scale,” Harms said, citing Europe, the US, China as key markets.
But rivals including Toyota and General Motors have also taken stakes in mobility companies as carmakers and technology firms such as Google and Apple vie to serve consumers in the vast digital market.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vw’s new division takes aim at uberstyle competition vw’s new division takes aim at uberstyle competition

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vw’s new division takes aim at uberstyle competition vw’s new division takes aim at uberstyle competition

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday