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
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
-
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 Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
