Matthias Mueller, chief executive officer of Volkswagen AG, reacts during a news conference in Berlin, Germany, on Wednesday, June 1, 2016. Mueller signaled hes ready to divert money from classic carmaking into apps and software as Europes biggest automaker seeks to sketch out a future beyond the emissions-cheating scandal. Photographer: Rolf Schulten/Bloomberg
BERLIN: Volkswagen is looking at on-demand mobility services such as smartphone ride hailing to earn a “notable share” of future revenues as the carmaker pushes a strategic shift in the wake of its emissions scandal, its top executive said.
Volkswagen, or VW, which posted 213 billion euros (US$237.9bil) of revenue last year, on Wednesday signed a cooperation with ride-hailing company Gett after announcing a US$300mil investment in the firm last week.
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