DriveNow Contract Makes Way For BMW-Daimler Coalition

DriveNow Contract Makes Way For BMW-Daimler Coalition

BMW of Germany has acquired associate Sixt from DriveNow, their joint venture. This paved the path for a broader driverless taxi and car-sharing coalition with Daimler to vie in opposition to the likes of Lyft and Uber. Sixt, the car rental company, claimed this week that it might post unusual pre-tax earnings of almost 200 Million Euros (around $248 Million) this year from the trade of the DriveNow share for 209 Million Euros to BMW.

“With DriveNow as a wholly-possessed subsidiary, we have all alternatives for sustained tactical growth of our offerings,” claimed board member for Digital Business Innovation at BMW, Peter Schwarzenbauer, to the media in an interview. “Our experience with mobility offerings backs our growth of future electrified, autonomous, and connected fleets,” he claimed to the media. He further added that BMW plans to have 100 Million users for premium mobility offerings by the end of 2025.

The Sixt contract arrives as BMW shifts nearer to agreeing a contract to meager its car-sharing offerings with Car2Go of Daimler. This data was given by a person well known with the talks to the media in an interview last week. The German car manufacturers need to build a joint venture that comprises ride-hailing, car sharing, digital parking services, and electric vehicle charging, a senior official at one of the forms claimed to the media this week.

BMW and Daimler refused to answer on the status of possible discussions on their car-sharing venture. “This is rumor, we do not entertain such things,” BMW claimed. The senior official, who refused to be identified since the plan is not communal, claimed: “This will make a bionetwork that can also be employed for handling driverless taxi (robotaxi) fleets.” BMW might add its ChargeNow and ParkNow businesses to the joint firm, the official claimed to the media in his statement.