Mexican Media Brands
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.
Share
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.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
