Daimer, BMW offer concessions to address EU antitrust concerns on car-sharing deal

Daimer, BMW offer concessions to address EU antitrust concerns on car-sharing deal

Reuters October 18, 2018, 08:04:10 IST

Daimler and BMW want to combine their car-sharing units Car2Go and DriveNow .

Advertisement
Daimer, BMW offer concessions to address EU antitrust concerns on car-sharing deal

German luxury carmakers Daimler and BMW have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on 16 October.

The companies made the offer on 15 October, a filing on the EU competition enforcer’s website showed, without providing details.

A European Union flags flutters outside the EU Commission headquarters in Brussels, Belgium June 20, 2018. REUTERS/Yves Herman - RC17F45764C0

The Commission is expected to seek feedback from customers and rivals before deciding by 7 November whether to accept the concessions, demand more or open a full-scale investigation.

Advertisement

Daimler and BMW want to combine their car-sharing units Car2Go and DriveNow to better compete with US rival Uber and China’s Didi Chuxing.

Latest News

Find us on YouTube

Subscribe

Top Shows

Vantage First Sports Fast and Factual Between The Lines