Audi will buy Texas - based luxury car - rental service Silvercar , it said on Thursday without disclosing the deal 's terms . Silvercar , which only rents Audi A4s , has partnered with Audi to deliver mobility services under the Audi mobility , Silvercar and Dealerware brands since 2012 . Audi also led Silvercar 's $ 28 million series C funding round in 2015 . The announcement comes after General Motors and Ford each invested in mobility companies last year , while auto Chrysler Automobiles partnered with Google to develop self - driving cars . Audi expects the responsible regulatory authorities to conclude their approval of the transaction in the first half of 2017 .
Audi will buy Texas-based luxury car-rental service Silvercar, it said on Thursday without disclosing the deal's terms. Silvercar, which only rents Audi A4s, has worked with Audi to deliver mobility services under the Audi mobility, Silvercar and Dealerware brands since 2012. Audi also led Silvercar's $28m series C funding round in 2015. The announcement comes after General Motors and Ford each invested in mobility companies last year, while Fiat Chrysler Automobiles partnered with Google to develop self-driving cars. Audi expects the responsible regulatory authorities to conclude their approval of the transaction in the first half of 2017.