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Daimler to Buy Stake in VW-Backed Used-Car Shopping Site
Daimler AG is buying a 20% stake in Heycar, the online, used-car shopping platform launched last October by Volkswagen AG.
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Daimler AG is buying a 20% stake in Heycar, the online, used-car shopping platform launched last October by Volkswagen AG.
Terms of the deal weren’t disclosed. The share acquisition is being made through a capital increase at Mobility Trader Holding company, which operates Heycar through a subsidiary in Germany.
Heycar currently has about 300,000 vehicles listed for sale. The used car site competes in Germany with market-leader mobile.de, which is run by eBay, and Autoscout.24.
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