×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | BMW | Daimler

BMW, Daimler Launch Car- and Ride-sharing Joint Venture

Friday, 22 February 2019 05:40 AM EST

FRANKFURT, Germany (AP) — Automakers Daimler and BMW are formally launching their joint venture in services that make it possible to use their cars without necessarily owning one.

Daimler CEO Dieter Zetsche and BMW's Harald Krueger held a joint news conference in Berlin on Friday to outline their efforts in auto-related services, which include short-term rentals of vehicles in big cities through smartphone apps.

The business also includes apps to call for a ride, in competition with rivals such as Uber and Lyft from the information technology sector.

Krueger and Zetsche spoke after regulatory authorities gave permission for the deal, announced last year, to formally close.

The business underscores the auto industry's shift toward new technologies and business models based on software and mobile communications.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Automakers Daimler and BMW are formally launching their joint venture in services that make it possible to use their cars without necessarily owning one.Daimler CEO Dieter Zetsche and BMW's Harald Krueger held a joint news conference in Berlin on Friday to outline their...
EU,BMW,Daimler
124
2019-40-22
Friday, 22 February 2019 05:40 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

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