By Ed Frankl 
 

Volkswagen AG said Tuesday that it had entered a partnership with Berlin-based car-sharing company Miles Mobility to expand its offering.

As part of the deal, Miles Mobility acquired Volkswagen Passenger Cars' UMI Urban Mobility International GmbH, which includes its WeShare car-sharing business, the German car maker said.

The parties agreed not to disclose the purchase price, Volkswagen said.

Volkswagen also said it will deliver 10,000 all-electric vehicles to Miles Mobility from 2023, with car-sharing services available in eight German cities, including Berlin, Hamburg and Munich.

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

November 01, 2022 08:10 ET (12:10 GMT)

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