Industry News
Volkswagen plans to take stake in Sixt
17 Sep,2020
German car maker Volkswagen plans to take a stake in Sixt, a rental firm that has branched out into mobility services such as car sharing and ride hailing, Manager Magazine reported on Wednesday.
VW could take a stake of up to 15% in Sixt in the form of ordinary and preferred shares via a capital increase, the business periodical said in a report that cited unnamed sources.
