Fleet News

EU approves VW's Europcar move

VOLKSWAGEN has received European Commission approval for its acquisition of sole control of Europcar International. The German manufacturer announced its plans in December 1999 to take over Europcar, which runs a fleet of over 138,000 vehicles in 96 countries across Europe, the Middle East and Africa. Previously the rental firm was owned by Volkswagen and Compagnie Internationale des Wagons-lits et du Tourisme, a wholly-owned subsidiary of Accor. The EC ruling declared that: 'The transition from joint to sole control will not significantly change Volkswagen's possibilities to give preferential treatment to Europcar as opposed to its competitors.' (April 2000)

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