Automakers

BMW CEO says he is weighing options for mobility JV with Daimler

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Zipse: "This is a very dynamic environment. You will see where we make one or the other move." (BLOOMBERG)
JW
By:
JOE WHITE
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R
By:
Reuters
November 11, 2020 05:04 PM

BMW CEO Oliver Zipse said he is weighing options for the company's mobility services joint venture with Daimler, 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 video conference of reporters on Wednesday.

"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 had offered 1 billion euros ($1.18 billion) for the venture.

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