Europe's largest automotive manufacturer just joined the transportation service arms race with a $300 million investment in Gett - a New York-based startup that operates primarily in European cities. In return for showing Gett the money, Volkswagen now has access to a stable foundation on which to build its own ride-sharing business, as well as the ability to explore the potential for autonomous vehicle integration into this kind of service.

Will the new Gett-Volkswagen partnership stand as a viable threat to Uber's growing industry dominance? Is this move the first step toward turning Volkswagen's fortunes around after a disastrous emissions cheating scandal? TechCrunch's Ingrid Lunden has the complete scoop on the other side of the link below.

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