BMW, Daimler to invest 1 bn euros in joint carsharing scheme

BMW CEO Harald Krueger and Daimler chief Dieter Zetsche announced the plan to combine their companies' carsharing schemes on Fri
BMW CEO Harald Krueger and Daimler chief Dieter Zetsche announced the plan to combine their companies' carsharing schemes on Friday

German auto giants BMW and Daimler said Friday they would invest one billion euros ($1.1 billion) in combining and extending their carsharing schemes DriveNow and Car2Go, in future offering a slew of "mobility services", including for electric cars.

"We are pooling the strength and expertise of 14 successful brands and investing more than one billion euros to establish a new player in the fast-growing market for ," Dieter Zetsche, chief executive of Mercedes-Benz maker Daimler said in a statement.

The two high-end manufacturers will organise their "mobility" businesses around five joint ventures.

Customers will be able to book shared cars, hail rides from taxis and chauffeur services, find and pay for parking spots and electric car charging points and plan "multimodal" journeys—pulling in alternatives like and bike rentals.

All five strands will follow BMW's naming scheme with titles like Park Now and Charge Now.

"These five services will merge ever more closely to form a single mobility portfolio," BMW CEO Harald Krueger said.

Still further in the future, the two firms will offer "an all-electric, self-driving fleet of vehicles that charge and park autonomously and interconnect with other modes of transport," he added.

BMW and Daimler's carsharing and other services like Park Now or MyTaxi today boast a combined 60 million customers, the companies said.

The new joint venture will be based in German capital and tech industry hub Berlin, and create "up to 1,000" jobs worldwide, they added.


Explore further

Daimler, BMW win green light for car-sharing merger

© 2019 AFP

Citation: BMW, Daimler to invest 1 bn euros in joint carsharing scheme (2019, February 22) retrieved 21 May 2019 from https://phys.org/news/2019-02-bmw-daimler-invest-bn-euros.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
11 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more