Daimler, BMW win green light for car-sharing merger

German carmakers Daimler and BMW said Wednesday they had won final approval to merge their car-sharing services Car2Go and DriveNow, paving the way for the creation of a European giant to challenge the likes of Uber.

BMW plans to take control of China joint venture

German luxury carmaker BMW announced Thursday a plan to take control of its China joint-venture, the first foreign automaker to take advantage of Beijing's new ownership rules for the sector.

New emissions tests push BMW into profit warning

German high-end carmaker BMW said Tuesday that new stricter emissions tests for cars as well as refits to older vehicles and global trade tensions would leave revenues and profits short of its full-year forecast.

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