The plan is for the newly combined Daimler + BMW mobility services division to end up grabbing a large portion of the total global market share of the sector, the CFO at Daimler has been quoted as saying.
To be more specific, Daimler Chief Financial Officer Bodo Uebber was quoted as saying that both firms’ carsharing services (which will remain separate, as we reported previously, and simply benefit from managerial and operational synergies) were intended to grow quickly over the coming years.
Interestingly, further acquisitions are apparently in the works. Uebber stated: “We want to grow significantly and we are in a position to handle large acquisitions.”
Reuters provides a bit more information: “The two leading German luxury carmakers unveiled plans on Wednesday to combine their businesses in new services such as car-sharing and electric vehicle charging to compete with Uber in the United States and Didi Chuxing in China.
“They will each hold half of a new joint venture company, which Daimler’s Uebber said was likely to be headquartered in Germany. He said that Daimler and BMW’s financial strength could help the venture fund takeovers but said they were also open to adding new partners. The idea of listing the new company is currently not in focus, Uebber said, saying the main priority was for now to close the deal.”
It’s a development worth taking note of. Though, it’s unclear at this point if it will lead to any major changes to market share in various parts of the world.
For further background, see: Car2Go (Daimler) & DriveNow (BMW) Carsharing Services May Merge.
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
