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Volkswagen has invested 300 mln AMD in the development of taxi app Gett (former GetTaxi). The transaction became one of the first steps in the strategy development of the German model scheduled till 2025 and aimed at increasing the sales at the expense of new business models, Motor reports.

The details of the transaction, which are still kept confidential, will become known next week. Apart from this, the special VW group will in June present the detailed plan of the model’s development, one of its points referring to the cooperation with Gett. 

For its part, Toyota informed of its cooperation with Uber Wednesday. The Japanese company is investing in the taxi service and will prepare special leasing conditions for its drivers. The amount of the transaction is not announced.

In the first quarter of 2016, Volkswagen topped the rating of global sales of new cars, leaving behind Toyota. In the period from January to March, VW sold 2.50 mln cars, which is 0.8 per cent more than a year before. Conversely, Toyota’s sales dropped by 2.3 percent, reaching 2.46 mln cars. 

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