), in a deal that would allow the German car maker to better capitalize on its fleet, people familiar with the matter said on Tuesday.
Volkswagen has reached out to Europcar to express its interest in an acquisition and carry out due diligence, one of the sources said. The talks are preliminary and a deal is far from certain given the financial toll of the coronavirus outbreak on Europcar, the sources added. Europcar is hoping to avoid the fate of U.S. peer Hertz Global Holdings Inc , which filed for bankruptcy protection in May.
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