Volkswagen

Germany’s automotive industry will invest over $45 billion in electric vehicles over the next three years to triple the number of models vying for buyers.

Volkswagen AG mapped out details of its transformation from a mass manufacturer of cars to a provider of transportation services by unveiling a car-sharing service and promising digital acquisitions as part of a 3.5 billion-euro ($4 billion) push into next-generation automobiles.

Daseke recently acquired rivals Big Freight Systems and Schilli. Volkwagen and Revelstoke also backed truck providers.