UK Markets open in 6 hrs 16 mins

Volkswagen sells WeShare to Berlin-based carsharing service

FILE PHOTO: A Volkswagen logo is seen on one of the German automaker's cars in a street in Sydney, Australia

BERLIN (Reuters) - Volkswagen said on Tuesday it would sell its carsharing service WeShare to Miles Mobility, under a deal that sees the Berlin-based competitor order more than 10,000 electric cars from the Audi, Seat/Cupra and VW brands.

Volkswagen said it would not disclose the selling price as per the agreement.

(Reporting by Jan Schwarz, Writing by Rachel More)