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BMW car-sharing arm to seek franchise partners, report says

DriveNow allows customers to rent vehicles by the minute.
August 11, 2015 05:00 AM

FRANKFURT (Reuters) -- DriveNow, the car-sharing scheme run by BMW and car rental firm Sixt, will allow third-party companies to run their business as a franchise in some cities, German daily newspaper Handelsblatt reported, citing Drive Now executive Nico Gabriel.

DriveNow is due to launch in Copenhagen, Handelsblatt said, and will work together with Deutsche Bahn unit Arriva Plc to put a fleet of 400 electric cars on the road.

A spokesman for DriveNow declined to comment.

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