Volkswagen considers acquiring majority stake in Europcar

German carmaker Volkswagen announced on Thursday that it is considering acquiring a majority stake in car rental company Europcar.

Volkswagen is considering the investment in order to access a rental platform to support its “long-term mobility vision” and strengthen its own range of products and services.

Talks are at a very early stage, the carmaker said, but added that Europcar rejected a non-binding offer of €0.44 per share on Wednesday .

Investors Attestor and Pon Holdings were also interested in acquiring a stake in the company.