BMW and Daimler Green Light for the new Joint Venture

BMW and Daimler are creating a holistic, intelligent and seamless ecosystem of mobility services.
BMW and Daimler are creating a holistic, intelligent and seamless ecosystem of mobility services.

The responsible competition authorities have approved the merger plans of BMW and Daimler for a joint venture. The companies are planning the next steps for the joint mobility company – making personal freedom the focus of sustainable urban mobility.

BMW and Daimler are planning the next steps for their joint mobility company, following approval by the responsible competition authorities. The basis for this is the approval of the US competition authorities, which was received on Tuesday, December 18, 2018. This means that all antitrust authorities involved have given the green light for the new joint venture, which is owned in equal parts by both companies.

The joint venture will focus on ensuring the personal freedom of customers in the field of urban mobility. Geared towards this vision of future urban mobility, a new mobility offering will be created that is easy to access, intuitive and focused on the needs of the user. On their urban journey, customers will move through a seamlessly connected and sustainable ecosystem that combines CarSharing, Ride-Hailing, Parking, Charging and Multimodality from a single source and is available with just a few taps. The idea is to create the most attractive, most comprehensive mobility solution for a better life in our connected world.

Once this major transaction closes, the new mobility company will present next steps in the first quarter of 2019, in conjunction with BMW and Daimler.