Lyft acquires Hamburg-based taxi app FreeNow from BMW and Mercedes-Benz for €175M and says the combined operations will serve 50M+ riders annually
Tim Bradshaw / Financial Times :
Volkswagen's Cariad unit orders lidar sensors and software from Innoviz, worth around $4B, according to Innoviz's CEO; Innoviz already has a deal with BMW
Gabrielle Coppola / Bloomberg :
Software Motor Company, which develops software to make electric motors in HVAC systems more efficient, raises $25M from BMW to apply its tech to electric cars
Eric Walz / Futurecar.com :
BMW's ReachNow car-sharing service, which operates in Seattle and Portland, shuts down, effective immediately, following a joint venture deal with Daimler
Taylor Soper / GeekWire :
BMW and Daimler merge 14 services into five joint ventures including Reach Now for multimodal services, Free Now for ride-hailing, and Share Now for car-sharing
When Daimler and BMW announced a plan to fuse carsharing services Car2Go and DriveNow in March 2018, it was largely …
Daimler and BMW say they are combining their car-sharing businesses into a joint venture, with equal shares for each firm, to better compete with Silicon Valley
Jack Ewing / New York Times :
BMW takes full ownership of DriveNow, buying Sixt's 50% stake for €209M and paving the way for potential car-sharing and driverless taxi alliance with Daimler
FRANKFURT (Reuters) - Germany's BMW has bought out partner Sixt from their joint venture DriveNow, paving the way for a broader car-sharing …
Nokia Closes Its $2.8B Sale Of Here To The Audi, BMW And Daimler Car Consortium
Ingrid Lunden / TechCrunch :
Nokia Closes Its $2.8B Sale Of Here To The Audi, BMW And Daimler Car Consortium
One of the bigger makers of maps and location services used in mobile phones and connected cars has now been taken over by a consortium of car makers. Today Nokia completed its sale of Here to Audi A...
Nokia sells HERE mapping business to Audi, BMW, and Mercedes for $3.07B
Nokia Sells HERE Mapping Business To Group Of European Car Makers For $3.07B — Nokia has announced that it has sold its HERE mapping business to a consortium of automobile makers for $3.07 billion, ...