DriveNow becomes wholly-owned auxiliary of BMW Group

Posted on 29. Jan, 2018 by in BMW Canada

Munich. With a merger of Sixt SE’s interest in
DriveNow, a BMW Group continues a systematic growth as a
customer-centric mobility company. Today’s signing is theme to
capitulation by antitrust authorities. With this move, a world’s leading
provider of reward mobility is charity business efficient,
tolerable mobility solutions from a singular source. The rapidly
flourishing margin of mobility services is one of a cornerstones of the
BMW Group’s corporate plan NUMBER ONE NEXT, as evidenced by
a BMW Group expanding a charity in a areas of on-demand
mobility (DriveNow and ReachNow), parking (ParkNow) and charging
(ChargeNow) in a tolerable way. The merger of a Sixt shares
is therefore a subsequent judicious step in this strategy, following the
merger of Parkmobile LLC in early Jan of this year, a move
that done a BMW Group a world’s heading provider of digital
parking solutions.

 

“We have achieved unusual success with DriveNow over a past
7 years – interjection to a efforts of a DriveNow employees and the
glorious team-work with a corner try partner, Sixt. Sixt will
sojourn a clever partner for us in a future,” pronounced Peter
Schwarzenbauer, member of a Board of Management of BMW AG,
obliged for MINI, Rolls-Royce, BMW Motorrad, Customer Engagement
and Digital Business Innovation BMW Group. “Our aim is to win 100
million business for a reward mobility services by 2025. With
DriveNow as a wholly-owned subsidiary, we have all options for
continued vital growth of a services in a hands. Our
knowledge with mobility services supports a growth of future
autonomous, electrified and connected fleets,” Schwarzenbauer continued.

 

Independently of a merger of a Sixt interest in DriveNow, the
BMW Group and Sixt will continue their successful long-standing
partnership by smoothness of BMW and MINI vehicles for a Sixt fleet.

 

“The corner growth of DriveNow impressively demonstrates the
innovative strength of Sixt and a BMW Group. We would like to thank
a DriveNow employees and a BMW Group for this success and look
brazen to stability a vital partnership with a BMW Group
by a contracts for smoothness of BMW and MINI brand
vehicles”, pronounced Alexander Sixt, member of a Managing Board of
Sixt SE, obliged for Group Strategy.

 

DriveNow was founded in 2011 as a reward car-sharing corner venture
between a BMW Group and Sixt SE. The use is already used by more
than one million business in 13 European cities. The swift comprises
some-more than 6,000 BMW and MINI code reward vehicles opposite Europe. The
electric BMW i3 is also accessible to users during all DriveNow locations.

 

“In 2017 a business gathering over 8 million kilometres with the
DriveNow electric swift – that is homogeneous to pushing turn the
creation some-more than 200 times on electric power. DriveNow not usually reduces
trade and improves a parking conditions in civic areas, though it is
also ancillary a breakthrough of electromobility,” pronounced DriveNow
Managing Director Sebastian Hofelich. “We demeanour brazen to operative with
a authorization and city partners to continue actively moulding urban
mobility in a tolerable manner,” he added.

 

The BMW Group seeks to urge peculiarity of life in civic areas through
a mobility offering. The association works with several partners and
decision-makers in cities to assistance figure a tolerable mobility of
a future.

  

If we have any questions, greatfully contact:

 

Corporate Communications

 

Christina Hepe, Business and Finance Communications, christina.hepe@bmwgroup.com

Telephone: +49 89 382-38770

 

Glenn Schmidt, Head of Business and Finance Communications, glenn.schmidt@bmwgroup.com

Telephone: +49 89 382-24544

 

Media website: www.press.bmwgroup.com

Email: presse@bmw.de

 

 
The BMW Group

 

With a 4 brands BMW, MINI, Rolls-Royce and BMW Motorrad, a BMW
Group is a world’s heading reward manufacturer of automobiles and
motorcycles and also provides reward financial and mobility services.
The BMW Group prolongation network comprises 31 prolongation and assembly
comforts in 14 countries; a association has a tellurian sales network in
some-more than 140 countries.

 

In 2017, a BMW Group sole over 2,463,500 newcomer vehicles and
some-more than 164,000 motorcycles worldwide. The distinction before taxation in the
financial year 2016 was approximately € 9.67 billion on revenues
amounting to € 94.16 billion. As of 31 Dec 2016, a BMW Group
had a workforce of 124,729 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 

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