Breakingviews - VW’s Europcar takeover would be a rough round trip
Bidding up shares in teetering car-rental companies is meant to be the preserve of credulous day traders. Volkswagen begs to disagree. The $80 billion German automaker is mulling the purchase of fraught Europcar Mobility. Boss Herbert Diess may have in mind using Europcar’s locales to offer ride-sharing. But plummeting rentals and high debt mean bumpy economic returns lie ahead.