Repsol and Kia to Launch Car-Share Service in Madrid
January 31 2018 - 8:06AM
Dow Jones News
By Nathan Allen
Repsol SA (REP.MC) and Kia Motors Corp. (000270.SE) will launch
a car-sharing service, known as WiBLE, in Madrid in the second half
of 2018, the companies said Wednesday.
The two companies chose Madrid as it offers interesting
geography and demographics and is likely to receive the new service
positively, according to Repsol.
Repsol said it is still working out the details of how the
service will operate in Madrid and is currently awaiting
authorization from the European Commission.
WiBLE has been operating in South Korea since last year, the
company said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 31, 2018 07:51 ET (12:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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