Tags: APFN | EU | Germany | Car | Sharing Merger

Report: Daimler, BMW to Merge Their Car-sharing Services

Report: Daimler, BMW to Merge Their Car-sharing Services

Wednesday, 24 January 2018 05:38 AM

BERLIN (AP) — German daily Frankfurter Allgemeine Zeitung reports that automakers Daimler and BMW plan to merge their rival car-sharing services.

The newspaper reported Wednesday that the companies could announce a merger of their car2Go and DriveNow services in February.

BMW and Daimler declined to comment on the report.

Car-sharing services are popular with young, urban drivers unwilling or unable to buy their own car.

But competition is fierce: Citroen's Multicity car-sharing service ceased operating last year after struggling against its larger rivals.

DriveNow, which is part-owned by rental firm Sixt, has one million registered users worldwide and operates in 13 European cities.

Car2go, in which Europcar has a stake, has 2.8 million members worldwide and operates in 26 cities across Europe, North America and China.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
German daily Frankfurter Allgemeine Zeitung reports that automakers Daimler and BMW plan to merge their rival car-sharing services.The newspaper reported Wednesday that the companies could announce a merger of their car2Go and DriveNow services in February.BMW and Daimler...
APFN,EU,Germany,Car,Sharing Merger
125
2018-38-24
Wednesday, 24 January 2018 05:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved