BMW, Daimler Join Forces And Invest $1 Billion In Uber Rival

BMW and Daimler have announced the details of their five new joint ventures, set to provide ride-hailing (Free Now), car-sharing (Share Now), EV charging (Charge Now), parking (Park Now) and multimodal (Reach Now) services to customers.

The two German manufacturers will invest over a billion euros ($1.13 billion) in total for the development and close interaction of their mobility services worldwide.

With a combined customer base of over 60 million to date, BMW and Daimler are aiming to grow their global footprint; Charge Now already has more than 100,000 charging points in 25 countries, making it the biggest EV charging provider in the world, while Park Now serves more than 30 million customers across Europe and North America.

Free Now is serving more than 21 million customers in Europe and Latin America, with 250,000 drivers in its roster. Share Now currently features a fleet of 20,000 vehicles in 31 cities around the world, with more than 4 million customers.

“We have a clear vision: these five services will merge ever more closely to form a single mobility service portfolio with an all-electric, self-driving fleet of vehicles that charge and park autonomously and interconnect with the other modes of transport,” said Harald Krüger, Chairman of BMW Group.

“We are pooling the strength and expertise of 14 successful brands and investing more than €1 billion to establish a new player in the fast-growing market for urban mobility,” said Dieter Zetsche, Chairman of Daimler. “By creating an intelligent network of joint ventures, we will be able to shape current and future urban mobility and draw maximum benefit from the opportunities opened up by digitalization, shared services and the increasing mobility needs of our customers.”

more photos...
  • Navy Pier Moroccan ✓ᵛᵉʳᶦᶠᶦᵉᵈ

    I bet the guy with the Mustache is Daimler-Benz A.G. CEO and the guy to your left is BMW CEO.

    • Matt

      Yes, most people know that.

      • Navy Pier Moroccan ✓ᵛᵉʳᶦᶠᶦᵉᵈ

        I didn’t!

        • PK


          • Navy Pier Moroccan ✓ᵛᵉʳᶦᶠᶦᵉᵈ

            I don’t follow the Germans CEOs.

          • PK


  • MarketAndChurch

    It’s probably best for the two to team up. That’s the only way they’re going to get the cost-savings and scale that VW has.

Chevolet Blazer XL Outed In China, Will Be Available In Both Five- And Seven-Seat Configurations

The Chinese-spec model will be offered exclusively with a 227 HP turbocharged four-cylinder engine and front-wheel drive.

Elon Musk Testifies That He’s Financially Illiquid (!) In British Driver Lawsuit

Although Musk is reportedly worth $23.6 billion, most of his wealth is tied up to his stakes in SpaceX and Tesla.

Hyundai Made An Awesome iMax N ‘Drift Bus’ With A 400 HP Twin-Turbo V6 And RWD

The tuned people carrier will compete in three events in this weekend’s World Time Attack Challenge in Australia.

Ford Dealer Is Selling 700 HP Mustangs With A Warranty For Under $40,000

Buying The Roush supercharger of these Ford Mustang GTs usually costs $7,699 alone.

Volvo Wants To Be An All-Electric Brand By 2040

Volvo will become an all-electric brand when customer demand for its EVs is high enough.

A BMW M8 Touring Would Look Absolutely Glorious

Considering there’s no BMW M5 Touring on the market, an M8 Touring could make sense.

Which Is The Better SUV; Mercedes-AMG GLC 63 S Or Alfa Romeo Stelvio Quadrifoglio?

Both the Mercedes-AMG GLC 63 S and Alfa Romeo Stelvio QV deliver 503 hp from twin-turbo engines.

2020 Hyundai Grandeur (Azera) Is Getting A Nip And A Tuck

The revised Hyundai Grandeur, known as the Azera in America, includes revised lights.

Next-Gen Mercedes-AMG C63 Tipped To Get A Four-Cylinder Turbo Engine With Electrification

Aside from ditching the V8, Mercedes-AMG could also kill the next C63 Estate.

Tesla Bumps Up Prices Of Entry-Level Model 3 And Performance

The Tesla Model 3 Standard Range Plus now starts at $39,490 while the Model 3 Performance is $56,990.