BMW paves way for merger with Daimler’s car sharing service
German carmaker BMW has bought the shares of car rental service Sixt in their joint car sharing service DriveNow, clearing the way for a merger with rival Daimler’s service Car2Go, news agency dpa reports in an article carried by the Frankfurter Allgemeine Zeitung. BMW pays Sixt 209 million euros for about 50 percent of DriveNow and, if regulating authorities approve the deal, it could take effect in the second quarter, the article says. Sixt’s share in DriveNow has been regarded as a major hurdle for the merger with Car2Go, which would combine the platforms of the two brands that serve about three million customers each.
Read the article in German here.
See the CLEW dossier German carmakers and the Energiewende for background