VW has signed a co-operation agreement with ride-hailing company Gett, after announcing a $300m investment in the company last week BERLIN — Volkswagen (VW) is looking at on-demand mobility services such as smartphone ride-hailing, to earn a "notable share" of future revenues. The car maker is pushing a strategic shift in the wake of its emissions scandal, its top executive said.VW, which posted €213bn of revenue last year, on Wednesday signed a co-operation agreement with ride-hailing company Gett, after announcing a $300m investment in the firm last week.Co-operation with Gett may lead to business models involving car sharing, limousine rides and taxi services in the fast-growing ride-hailing market, which in Europe alone may yield €10bn of sales by 2025 and could grow more than 30% annually, VW CEO Matthias Mueller said."In future, our core product will not be just the car," Mueller said. "Our core product, our promise to customers, is mobility."Europe’s largest vehicle maker wil...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.