EDITORIAL - BMW, Daimler’s decision to merge their mobility services will offer them strong footing in the emerging segment
The proposed merger will offer the combined business greater scale to compete in the fast-growing mobility services industry
In the last week of March, BMW and Daimler announced plans to merge their mobility services business by forming a joint-venture (JV) company in which the two Germany-based automakers would have equal stake. Under the plan, the two automakers will combine their mobility businesses, including car-sharing, ride-hailing, parking, electric vehicle (EV) charging, and multimodal transportation. The planned merger is subjected to customary closing conditions, including regulatory approvals.