Volkswagen eyes bicycle leasing business, to acquire stake in Dutch provider BMS

  • 📰 malaymail
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

MUNICH, Sept 5 — German car manufacturer Volkswagen (VW) is looking to enter the bicycle leasing business, the company said yesterday ahead of the IAA Mobility trade show in...

MUNICH, Sept 5 — German car manufacturer Volkswagen is looking to enter the bicycle leasing business, the company said yesterday ahead of the IAA Mobility trade show in Munich, reported dpa news agency.

By acquiring a stake in BMS, the German carmaker expects to enter a new, lucrative business segment in Europe and the US, the VW chief said.The goal is to become the second largest bicycle leasing provider in Europe, Blume said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines