Core focus, cost conscious – VW sheds LeasePlan investment

After more than a decade of involvement in the Netherlands-based fleet management company LeasePlan, Volkswagen is selling out. At the moment LeasePlan is owned equally by Volkswagen Group company Global Mobility Holding (50%) and Fleet Investments (50%). However, the partners have agreed to sell to a consortium of investors for €3.7bn (US$4.1bn).