Ride-hailing isn’t a threat to car makers now. That helps explain why Volkswagen Group is paying $300 million for a stake in Gett, a Tel Aviv-based startup that competes with Uber Technologies in Europe. Chief Executive Matthias Müller said Wednesday he sees ride-hailing as the foundation of a “mobility on demand” service, which he wants to build up as a “second... But in a future of self-driving vehicles it could very well become one.

Source: Wall Street Journal June 02, 2016 12:22 UTC