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Volkswagen Makes $3.4B Europcar Bet on Mobility Services

A consortium led by Volkswagen has agreed with Europcar to launch a tender offer for the car rental company that values it at 2.9 billion euros ($3.4 billion) including debt, Europe’s largest carmaker said on Wednesday. Volkswagen, which has teamed up with asset...

Spain Investing 600M Euros in AI

Spain is to invest 600 million euros (725 million dollars) in developing artificial intelligence over the next two years as part of plans to transform its national economy, the premier said Wednesday. The programme would run from 2021 to 2023, starting with an initial...