News Digest Item
22 Dec 2017

Daimler buys majority stake in French car-ride app Chauffeur Privé

Daimler / Reuters

German carmaker Daimler has acquired a majority stake in Chauffeur Privé, a French rival to the larger Uber car-ride app, in the latest example of traditional companies looking to deal with challenges from technology-driven startups, reports news agency Reuters. Daimler intends to fully acquire Chauffeur Privé by 2019, the company said in a press release.

Read the Daimler press release in English here, and the Reuters article in English here.

Also read CLEW’s factsheet Reluctant Daimler plans “radical” push into new mobility world.

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