Volkswagen pumps $300 million in to Uber rival Gett


Even scandal-plagued car companies need to plan for the future.

Volkswagen is making a $300 million strategic investment in Gett, one of Uber’s main rivals in the U.S. and Europe, the two companies announced Tuesday. 

Matthias Müller, Volkswagen’s chairman of the board, framed the investment as “the first milestone on the road to providing integrated mobility solutions.” Translation: this is Volkswagen’s first big bet on car sharing as a business.

The investment also comes with the added benefit of getting Volkswagen some headlines that aren’t related to its never-ending diesel emissions scandalRead more…

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