Latest in Gear

Image credit: Hindustan Times via Getty Images

Audi's future-proofing plans include more ride sharing

Even if you don't drive, Audi still needs to sell cars.
278 Shares
Share
Tweet
Share
Save

Sponsored Links

Hindustan Times via Getty Images

Joining the likes of Maven and Sidecar from General Motors and Chariot from Ford, the Volkswagen group is eyeing a ride-sharing service of its own. Audi (part of the VW group) has announced that it intends to purchase the Austin-based Silvercar which uses Audi A4 sedans to get people around. Previously VW was pondering the market with a $300 million investment in high-end ride-share service Gett. As TechCrunch reports, Audi already had a minor stake in the company and according to a press release the two have been working together since 2012 .

"This acquisition enables Audi to move forward with a progressive partner and continue our technology leadership into the next era of mobility," Audi's chief financial officer Matt Carpenter said in a statement.

Of course, this still has to go through the regulatory bodies, but the pair said they expect that to happen within the first half of 2017. The thing to remember here is that this is part of the long game. Not just for Audi, but automakers in general. Buying ride-sharing companies is a way to keep demand for cars up as people start driving and owning their own vehicles less and less.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
278 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

View
Three Mile Island's infamous nuclear plant shuts down after 45 years

Three Mile Island's infamous nuclear plant shuts down after 45 years

View
Samsung asks users to be extra careful with the Galaxy Fold

Samsung asks users to be extra careful with the Galaxy Fold

View
Uber sues NYC over vehicle caps

Uber sues NYC over vehicle caps

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr