VW purchases 75.1% stake in Volvo’s WirelessCar platform

The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…