The Volkswagen Group is purchasing a majority stake in Volvo's wholly-owned subsidiary WirelessCar for $123 million. The Volvo Group has signed an agreement to divest 75% of the shares of its subsidiary, with the closing of the deal expected during the first half of 2019, according to Volvo. We are committed to remaining the leader within the field of connectivity and connected services, stated Jan Gurander, deputy CEO of the Volvo Group.
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January 2 2019 1:48 pm
January 2 2019 1:48 pm