BMW-Daimler Mobility JVs Approved by US Regulators

BMW and Daimler’s mobility joint ventures have been approved by US antitrust regulators, following their conditional approval by the European Commission’s competition authorities.

The ventures are in the “car-sharing, ride-hailing, parking, charging, and multi-modality” markets, and the Bureau of Competition of the US Federal Trade Commission (FTC)’s approval of them appears to be less caveated than the EC’s. The automakers said following this announcement, they aim to finish merging their mobility services by the end of January. They added that they’d “present next steps” by the end of March.

They said BMW’s ReachNow service would be combined with Daimler’s moovel, BMW’s DriveNow would merge with Daimler’s Car2Go. In the ride-hailing segment, the automakers plan to combine Daimler’s MyTaxi, Clever Taxi, Beat, and Chauffeur Privé subsidiaries. BMW is to merge its Parkmobile and ParkNow services. The latter automaker will also combine its ChargeNow and Digital Charging Solutions electric vehicle services.

 


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