European Commission gives 'green light' to Volkswagen's total acquisition of Europcar

The European Commission has approved Volkswagen's acquisition of exclusive control over Europcar Mobility Group, a French car rental company. The decision indicates that the acquisition does not raise competition concerns in the European car rental market. Volkswagen previously held a stake in Europcar since 2022 and will now gain full control. Europcar, founded in 1949, operates in over 130 countries with a fleet of approximately 270,000 vehicles. Volkswagen is one of the largest global car manufacturers, based in Wolfsburg, Germany, and includes several well-known brands.