Volkswagen Launches Car Subscription Service in Germany
01 September 2021 - 11:29AM
Dow Jones News
By Cecilia Butini
Volkswagen AG said Wednesday that it is launching a subscription
model for cars in Germany.
The German car maker said the service, which it has named
AutoAbo, will offer monthly subscriptions to its ID.3 and ID.4
vehicles.
The company said that by 2030 around 20% of its revenue could
come from subscriptions and other mobility offerings as it
transitions from being a car manufacturer to a mobility-services
provider.
It added that it would be launching an online leasing and sales
option in Germany toward the end of 2021, which would initially be
dedicated to ID models and later expanded to offer combustion
engine and hybrid cars as well.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
September 01, 2021 05:14 ET (09:14 GMT)
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