Daimler and BMW bet on Ride-Sharing Services as the Future

  Daimler AG and BMW AG have forged an agreement into which they will pour more than 1 billion euros ($1.13 billion) into a car-sharing and ride-hailing businesses. They plan to take on established players like Uber Technologies Inc. and Lyft Inc.

Is Ride-Sharing the Future for the Auto Industry?

The new venture was first announced almost one year ago. It will combine Daimler’s Car2go and BMW’s DriveNow to create the world’s biggest car-sharing operator by users, according to BloombergNEF....

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