BMW CEO Says He Is Weighing Options For Mobility JV With Daimler
DETROIT: BMW AG Chief Executive Oliver Zipse said Wednesday he is weighing options for the company’s mobility services joint venture with Daimler AG, including bringing in new partners or possibly a partial sale.
BMW wants to continue to participate in the mobility services market “whether we bring in new partners or whether we sell it,” Zipse told a videoconference of reporters.
“This is a very dynamic environment,” he said. “You will see where we make one or the other move.”
The future of Free Now, the BMW-Daimler venture that includes car sharing, ride hailing and other services, has been uncertain. Last month, Germany’s Manager Magazin reported Uber Technologies Ltd had offered 1 billion euros for the venture.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Stay connected with us on social media platform for instant update click here to join our ????️????️ Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Business headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you.
