Mexican Media Brands
VW Brand Predicts €1 Billion Revenue from Online Services
Volkswagen AG’s VW brand says it expects to generate €1 billion ($1.1 billion) in annual revenue by 2025 from the global wireless services network it is building.
#economics #hybrid
Share
Volkswagen AG’s VW brand says it expects to generate €1 billion ($1.1 billion) in annual revenue by 2025 from the global wireless services network it is building.
The cloud-based marketplace, which aims to serve VW’s entire fleet of new vehicles, will offer such amenities as car sharing, delivery and parking space reservations. VW has said it expects some 5 million of its new vehicles will be part of the network by 2020.
VW partnered with Microsoft Corp. in September to develop what it calls an “industrial automotive cloud” that assembles all of the carmaker’s digital services. The marketplace will use Microsoft’s Azure platform, integrating the One Digital Platform VW was developing internally.
Yesterday VW said it also spent $122 million to acquire a 71% stake in WirelessCar, a fleet-connectivity subsidiary of commercial truckmaker AB Volvo. That service also will become a part of the network VW and Microsoft are creating.
RELATED CONTENT
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
