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Volkswagen buys connected car unit from Volvo


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Berlin (Reuters): Volkswagen said it would take over Volvo’s WirelessCar, a Stockholm-based digital service developer, specialising in connected driving. The deal, which still has to be approved by cartel authorities, would make VW a 75% shareholder in WirelessCar, the company said on Wednesday, without disclosing financial details.

The transaction is expected to close during the first half of 2019, it added.


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