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BMW, Daimler Combine Mobility Services for Survival

The new front in the transportation of the future fight in cities and mini-cities will be soldiered by CarSharing, Ride-Hailing, Parking, Charging and Multimodality troops. Each company will hold a 50% stake in a joint-venture made from both companies’ current mobility services. It is alleged that the two companies will remain competitors in their respective core businesses, something the capital markets and ultimately customers will weigh in on. Continue reading

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