March 28, 2018 / 12:16 PM / a year ago

Daimler, BMW agree to combine ride-sharing businesses - source

FRANKFURT, March 28 (Reuters) - German carmakers Daimler and BMW have agreed to combine their ride-sharing businesses Car2Go and DriveNow, a person familiar with the deal said.

Details of the agreement are to be unveiled later on Wednesday, the person said.

Mercedes-owner Daimler and BMW, Germany’s two biggest luxury carmakers, are preparing for a new era in mobility services where self-driving cars could allow them to expand into a business segment which is currently dominated by Uber in the United States and Didi Chuxing in China. (Reporting by Edward Taylor Writing by Maria Sheahan Editing by Arno Schuetze)

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