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

The future of Free Now, the BMW-Daimler venture that includes car sharing, ride hailing and other services, has been uncertain.
By : Reuters
| Updated on: 12 Nov 2020, 12:42 PM
Parent of BMW’s joint venture partner in China, Brilliance Auto failed to repay its three-year 149-million dollar bond on time. (REUTERS)
Parent of BMW’s joint venture partner in China, Brilliance Auto failed to repay its three-year 149-million dollar bond on time. (REUTERS)
Parent of BMW’s joint venture partner in China, Brilliance Auto failed to repay its three-year 149-million dollar bond on time. (REUTERS)
Parent of BMW’s joint venture partner in China, Brilliance Auto failed to repay its three-year 149-million dollar bond on time.

BMW AG Chief Executive Oliver Zipse said Wednesday he is weighing options for the company's mobility services joint venture with Daimler AG, 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 videoconference of reporters.

(Also read | BMW unveils iX SUV, its electric flagship set to challenge might of Tesla)

Similar Cars

Find More Cars
Bmw X1 (HT Auto photo)
Bmw X1
1998 cc | Petrol | Automatic (Dual Clutch) | 14.82 kmpl
₹36.5 - 43.5 Lakhs**Ex-showroom price
Bmw 2 Series Gran Coupe (HT Auto photo)
Bmw 2 Series Gran Coupe
1998 cc | Petrol | Automatic (Torque Converter) | 14.82 kmpl
₹37.9 - 42.3 Lakhs**Ex-showroom price
Bmw 3 Series (HT Auto photo)
Bmw 3 Series
1998 cc | Petrol | Automatic (Torque Converter) | 16.13 kmpl
₹42.3 - 62.9 Lakhs**Ex-showroom price
Bmw 3 Series Gran Limousine (HT Auto photo)
Bmw 3 Series Gran Limousine
1998 cc | Petrol | Automatic (Torque Converter) | 15.3 kmpl
₹51.5 - 54.9 Lakhs**Ex-showroom price
Bmw X3 (HT Auto photo)
Bmw X3
1998 cc | Petrol | Automatic (Torque Converter) | 13.17 kmpl
₹57.5 - 64.9 Lakhs**Ex-showroom price
Bmw 5 Series (HT Auto photo)
Bmw 5 Series
1998 cc | Petrol | Automatic (Torque Converter) | 14.82 kmpl
₹63.4 - 73.5 Lakhs**Ex-showroom price

"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 Ltd had offered 1 billion euros for the venture.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on
First Published Date: 12 Nov 2020, 12:42 PM IST
TAGS: BMW Daimler
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city