BMW Canada

BMW Group and Daimler AG deposit some-more than €1 billion in corner mobility services provider

. The BMW Group and Daimler AG are pooling their
mobility services to emanate a new tellurian actor providing sustainable
civic mobility for customers. The dual companies are investing more
than €1 billion in sum to rise and some-more closely intermesh their
offerings for car-sharing, ride-hailing, parking, charging and
multimodal transport. The team-work comprises 5 corner ventures:
REACH NOW for multimodal services, CHARGE NOW for charging, FREE NOW
for cab ride-hailing, PARK NOW for parking and SHARE NOW for car-sharing.


“Our mobility services have grown a clever patron bottom and we
are now holding a subsequent vital step. We are pooling a strength
and imagination of 14 successful brands and investing some-more than €1
billion to settle a new actor in a fast-growing marketplace for urban
mobility,” pronounced Dieter Zetsche, Chairman of a Board of Management of
Daimler AG and Head of Mercedes-Benz Cars. “By formulating an intelligent
network of corner ventures, we will be means to figure stream and future
civic mobility and pull limit advantage from a opportunities opened
adult by digitalization, common services and a augmenting mobility
needs of a customers. Further cooperations with other providers,
including stakes in startups and determined players, are also a
probable option.”


“We are formulating a streamer tellurian diversion changer. The 60 million
business we already have now will advantage from a seamlessly
integrated, tolerable ecosystem of car-sharing, ride-hailing,
parking, charging and multimodal ride services. We have a clear
vision: these 5 services will mix ever some-more closely to form a
singular mobility use portfolio with an all-electric, self-driving
swift of vehicles that assign and park autonomously and interconnect
with a other modes of transport,” pronounced Harald Krüger, Management
Board Chairman of BMW AG. “This use portfolio will be a key
cornerstone in a plan as a mobility provider. The team-work is
a ideal approach for us to maximize a chances in a flourishing market,
while pity a investments.”


The dual companies’ mobility services have a resources of knowledge and
a clever patron base, with a sum sum of over 60 million
active business to date. Building on their current, rarely attractive
product operation and strong costumer bottom in a pivotal regions of Europe
and America, a companies will grow their tellurian footprint as their
existent mobility services mix to form 5 corner ventures:


·      REACH NOW offers some-more than 6.7 million users simple, direct
entrance to a operation of mobility services by a singular multimodal
platform. The REACH NOW apps will offer a operation of options for getting
from A to B, permitting users to book and compensate directly for public
ride and several other mobility options, such as car-sharing,
ride-hailing and bike rentals. REACH NOW will be managed by Daniela
Gerd tom Markotten as Chief Executive Officer (CEO), with Johannes
Prantl as Chief Financial Officer (CFO).


·      CHARGE NOW is a use by Digital Charging Solutions GmbH
(DCS), and a extensive charging network is a pivotal writer to
zero-emissions driving. CHARGE NOW creates open assign points quick
and easy to locate, use and compensate for, both during home and abroad. Digital
Charging Solutions GmbH develops simple, stereotyped entrance to public
assign points for vehicle manufacturers and swift operators. With over
100,000 assign points opposite 25 countries, a white-label solutions
are assisting OEMs and swift operators to realize their strategies for
electric mobility. Customers advantage from cross-border entrance to one
of a world’s largest and fastest-growing charging networks, with
over 250 assign indicate operators (CPOs) to date.


·      PARK NOW creates parking easier, on-street or off. The
innovative digital parking use offers users a best possible
parking solutions during a glance, allows them to haven parking slots
and conduct their parking times, and enables ticketless entrance and exit
in open garages as good as cashless remuneration of parking fees. In
addition, with a hunt for parking now accounting for about
30 percent of a trade on civic roads, PARK NOW is assisting towns
and cities to revoke trade volumes, thereby assisting to make city
centres cleaner, healthier and some-more liveable. In Europe and North
America over 30 million business are already regulating a use in
some-more than 1,100 cities. CHARGE NOW and PARK NOW are headed by Jörg
Reimann as CEO, with Thomas Menzel as CFO.


·      FREE NOW offers a accumulation of mobility services including
taxis, private chauffeurs with let vehicles, and state-of-the-art
e-scooters, all during a daub of a finger. One of a largest
ride-hailing services in Europe and Latin America, FREE NOW already
serves some-more than 21 million business and over 250,000 drivers, who
make a profitable grant to a rebate of trade in city
centres. FREE NOW is headed by Marc Berg as CEO, with Sebastian
Hofelich as CFO.


·      SHARE NOW is a free-floating car-sharing use that allows
business to lease and compensate for vehicles by smartphone — anytime,
anywhere. Its swift will now be extended to incorporate a wider range
of models and boost marketplace coverage. More than 4 million customers
in sum now use a fleet’s 20,000 vehicles in 31 cities around
a world. Car-sharing increases car function rates, assisting to
cut a altogether series of cars on a roads in civic areas. Olivier
Reppert has been allocated CEO of SHARE NOW, with Stefan Glebke as CFO.


innovative solutions by a BMW Group and Daimler AG for cities and
municipalities seeking to make their trade some-more fit and
sustainable. Thanks to their determined services, a corner venture
organisation already commands poignant resources to support and
evenly raise tolerable civic mobility.


“We are steering really clearly towards growth, and together we will
continue to deposit consistently in a corner mobility services. As
good as joining in additional ride options, we wish to strech out
to even some-more people in towns and cities opposite a world, thereby
improving a peculiarity of civic life,” Krüger explained.


The new mobility portfolio will be easy to access, discerning to use,
and will support to customers’ needs. Its seamlessly integrated,
tolerable ecosystem will make mobility some-more accessible — because
cities are where a destiny of mobility will be decided. This is
reliable by a choice of Berlin as a bottom for a organization’s
headquarters. A heart of creativity and innovation, a German capital
is an appealing plcae for employees and arriving talents. The next
few years will see adult to 1,000 new jobs combined worldwide – including
in Berlin and Germany. After an initial proviso of investment and
growth, a new corner try organisation will offer attractive
profitability, that will be essential to a success.


“As reward manufacturers, we have prolonged been sourroundings standards in the
automotive attention and for a customers. In a reward vehicle
business, we will continue to contest for customers. But a new
portfolio for sole civic mobility on direct represents a logical
prolongation to a value chain. Ultimately, we wish to offer our
business as many options as probable for removing from A to B. In
short, this is about driving, roving or being driven,” pronounced Zetsche.


With their corner mobility services, a BMW Group and Daimler AG are
responding to mobility needs of now and a destiny with a concentration on
cities. Digitalization is a pivotal enabler as it creates new
opportunities for sole mobility. Over time, business will be
means to use and knowledge additional mobility options from
all-electric unconstrained fleets that are accessible on demand, charge
and park themselves, and bond with other modes of ride beyond
highway and rail. In a foe for a best civic mobility
solution, a guarantee of reserve and comfort by a dual streamer German
reward OEMs provides a basement for this to happen.



Daimler AG                                                               

Hendrik Sackmann

Corporate Communications                                      

Telephone: + 49 711 17-35014                                 

[email protected]                             


Daimler AG                                                               

Matthias Krust

Corporate Communications                                      

Telephone: + 49 711 17-40624                                 

[email protected]                                    



BMW Group                                                              

Mathias Schmidt                                                       

Head of Corporate and Culture Communications


+49 89 382-24544

[email protected]                              


BMW Group

Christina Hepe

Corporate Communications


+49 89 382-38770

[email protected]                                          



This request contains forward-looking statements that simulate our
stream views about destiny events. The difference “anticipate,” “assume,”
“believe,” “estimate,” “expect,” “intend,” “may”, “plan,” “project,”
“should” and identical expressions are used to code forward-looking
statements. These statements are theme to many risks and
uncertainties, including an inauspicious growth of tellurian economic
conditions, in sole a decrease of direct in a many important
markets; aworsening of a sovereign-debt predicament in a euro zone; a
decrease of a appropriation possibilities on a credit and financial
markets; events of force majeure including healthy disasters, acts of
terrorism, domestic unrest, industrial accidents and their effects on
a sales, purchasing, prolongation or financial services activities;
changes in banking sell rates; a change in consumer preference
towards smaller, reduce domain vehicles; or a probable miss of
acceptance of a products or services that boundary a ability to
grasp prices as good as to sufficient implement a production
capacities; cost increases in fuel or tender materials; intrusion of
prolongation due to shortages of materials, labor strikes, or supplier
insolvencies; a decrease in resale prices of used vehicles; the
effective doing of cost-reduction and efficiency-optimization
measures; a business opinion of companies in that we reason a
poignant equity interest; a successful doing of
vital cooperations and corner ventures; changes in laws,
regulations and supervision policies, quite those relating to
car emissions, fuel economy and safety; a fortitude of pending
bureaucratic investigations and a end of tentative or
threatened destiny authorised proceedings; and other risks and
uncertainties, some of that we report underneath a streamer “Risk
Report” in Daimler’s many new Annual Report. If any of these risks
and uncertainties materialize, or if a assumptions underlying any of
a forward-looking statements infer incorrect, afterwards a actual
formula might be materially opposite from those we demonstrate or indicate by
such statements. We do not intend or assume any requirement to update
these brazen looking statements. Any forward-looking matter speaks
usually as of a date on that it is made.


The BMW Group during a Glance

With a 4 brands BMW, MINI, Rolls-Royce and BMW Motorrad, a BMW
Group is a world’s streamer reward manufacturer of automobiles and
motorcycles and also provides reward financial and mobility services.
The BMW Group prolongation network comprises 30 prolongation and assembly
comforts in 14 countries; a association has a tellurian sales network in
some-more than 140 countries.

In 2018, a BMW Group sole over 2,490,000 newcomer vehicles and
some-more than 165,000 motorcycles worldwide. The distinction before taxation in the
financial year 2017 was € 10.655 billion on revenues amounting to
€ 98.678 billion. As of 31 Dec 2017, a BMW Group had a
workforce of 129,932 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.


Daimler during a Glance

Daimler AG is one of a world’s many successful automotive
companies. With a groups Mercedes-Benz Cars, Daimler Trucks,
Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the
Daimler Group is one of a biggest producers of reward cars and the
world’s largest writer of trucks above 6 tons. Daimler Financial
Services provides financing, leasing, swift management, investment
products and brokerage of credit cards and insurance, as good as
innovative mobility services. The company’s founders, Gottlieb Daimler
and Carl Benz, done story with a invention of a vehicle in
a year 1886. As a colonize of automotive engineering, it is a
proclivity and joining of Daimler to figure safely and sustainably
a destiny of mobility. The Group’s concentration is on innovative and green
technologies as good as on protected and higher automobiles that appeal
and fascinate. Daimler hence invests in a growth of
fit expostulate trains with a long-term idea of locally
emission-free driving: from hightech explosion engines about hybrid
vehicles to electric expostulate trains powered by battery or fuel cell.
Furthermore, a association follows a unchanging trail towards intelligent
connectivity of a vehicles, unconstrained pushing and new mobility
concepts. This is only one instance of how Daimler frankly accepts
a plea of assembly a shortcoming towards multitude and the
environment. Daimler sells a vehicles and services in scarcely all the
countries of a universe and has prolongation comforts in Europe, North
and South America, Asia, and Africa. Its stream code portfolio
includes, in further to a world’s many profitable reward automotive
brand, Mercedes-Benz (Source: Interbrand-Study, 10/4/2018), as good as
Mercedes-AMG, Mercedes-Maybach and Mercedes me, a brands smart, EQ,
Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built
Buses, and Daimler Financial Services’ brands: Mercedes-Benz Bank,
Mercedes-Benz Financial Services, Daimler Truck Financial, moovel,
car2go and mytaxi. The association is listed on a batch exchanges of
Frankfurt and Stuttgart (stock sell pitch DAI). In 2018, the
Group sole 3.4 million vehicles and employed a workforce of around
298,700 people. Group income amounted to €167.4 billion. Group EBIT
amounted to €11.1 billion.