Munich/Stuttgart. The BMW Group and Daimler AG are
planning the next steps for their joint mobility company, following
approval by the responsible competition authorities. The basis for
this is the approval of the US competition authorities, which was
received on Tuesday, December 18, 2018. This means that all antitrust
authorities involved have given the green light for the new joint
venture, which is owned in equal parts by the BMW Group and Daimler AG.
The joint venture will focus on ensuring the personal freedom of
customers in the field of urban mobility. Geared towards this vision
of future urban mobility, a new mobility offering will be created that
is easy to access, intuitive and focused on the needs of the user. On
their urban journey, customers will move through a seamlessly
connected and sustainable ecosystem that combines CarSharing,
Ride-Hailing, Parking, Charging and Multimodality from a single source
and is available with just a few taps. The idea is to create the most
attractive, most comprehensive mobility solution for a better life in
our connected world.
Now that the approval of the competition authorities has been
received, the goal is to close this transaction by January 31, 2019.
Once this major transaction closes, the new mobility company will
present next steps in the first quarter of 2019, in conjunction with
the BMW Group and Daimler AG.
The equally-owned joint venture will comprise the following
activities and services:
- Multimodal and on-demand mobility with moovel and ReachNow:
The well over six million users will benefit from intelligent and
seamless connectivity between different mobility offerings, such as
carsharing, bike rental, taxis and public transport, including booking
and payment. The multimodal platform will also offer possible
solutions for the needs of urban private transport, including
providing cars as a service.
2) CarSharing with Car2Go and DriveNow:
Car2Go and DriveNow operate a total of 20,000 vehicles in 30 major
international cities. Carsharing enables better utilisation of
vehicles and thus helps reduce the total number of vehicles in cities.
More than four million customers already use these carsharing services.
3) Ride-Hailing with mytaxi, Chauffeur Privé,
Clever Taxi and Beat:
A total of 15.9 million customers and around 250,000 drivers already
use the services of mytaxi, Chauffeur Privé, Clever Taxi (all in
Europe) and Beat (South America) – making Intelligent Apps GmbH one of
the leading ride-hailing providers in Europe and South America.
Innovative offers such as mytaximatch, which allows people who do not
know each other to share a taxi at the tap of a finger, also make an
important contribution to reducing inner-city traffic.
4) Parking with ParkNow and Parkmobile
Group/Parkmobile LLC:
Ticketless, cashless on-street parking or help reserving and paying
for off-street parking in a garage: Parkmobile already reaches a total
of more than 27 million customers in Europe and North America and
offers digital parking solutions in over 1,100 cities. Innovative
digital parking services reduce the time and amount of driving
involved in finding a parking space. This reduces traffic
significantly, as cars searching for parking spaces currently account
for around 30% of road traffic.
5) Charging with ChargeNow and Digital Charging Solutions:
Easy access (incl. location, charging and payment) to the world’s
largest network of public charging stations. Combined with parking
privileges in cities, this will support the expansion of
electromobility, by helping people integrate this drive technology
more easily into their mobility needs.
Daimler AG
Hendrik Sackmann
Corporate Communications
Telephone: + 49 711 17-35014
hendrik.sackmann@daimler.com
BMW Group
Mathias Schmidt
Head of Business and Finance Communications
Telephone: +49 89 382-24544
Mathias.M.Schmidt@bmw.de
BMW Group
Christina Hepe
Business and Finance Communications
Telephone: +49 89 382-38770
Christina.Hepe@bmw.de
This document contains forward-looking statements that reflect our
current views about future events. The words “anticipate,” “assume,”
“believe,” “estimate,” “expect,” “intend,” “may,” “can,” “could,”
“plan,” “project,” “should” and similar expressions are used to
identify forward-looking statements. These statements are subject to
many risks and uncertainties, including an adverse development of
global economic conditions, in particular a decline of demand in our
most important markets; a deterioration of our refinancing
possibilities on the credit and financial markets; events of force
majeure including natural disasters, acts of terrorism, political
unrest, armed conflicts, industrial accidents and their effects on our
sales, purchasing, production or financial services activities;
changes in currency exchange rates; a shift in consumer preferences
towards smaller, lower-margin vehicles; a possible lack of acceptance
of our products or services which limits our ability to achieve prices
and adequately utilise our production capacities; price increases for
fuel or raw materials; disruption of production due to shortages of
materials, labour strikes or supplier insolvencies; a decline in
resale prices of used vehicles; the effective implementation of
cost-reduction and efficiency-optimisation measures; the business
outlook for companies in which we hold a significant equity interest;
the successful implementation of strategic cooperations and joint
ventures; changes in laws, regulations and government policies,
particularly those relating to vehicle emissions, fuel economy and
safety; the resolution of pending government investigations or of
investigations requested by governments and the conclusion of pending
or threatened future legal proceedings; and other risks and
uncertainties, some of which we describe under the heading “Risk and
Opportunity Report” in the current Annual Report. If any of these
risks and uncertainties materialises or if the assumptions underlying
any of our forward-looking statements prove to be incorrect, the
actual results may be materially different from those we express or
imply by such statements. We do not intend or assume any obligation to
update these forward-looking statements since they are based solely on
the circumstances at the date of publication.
The BMW Group
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 30 production and assembly
facilities in 14 countries; the company has a global sales network in
more than 140 countries.
In 2017, the BMW Group sold over 2,463,500 passenger vehicles and
more than 164,000 motorcycles worldwide. The profit before tax in the
financial year 2017 was € 10.655 billion on revenues amounting to
€ 98.678 billion. As of 31 December 2017, the BMW Group had a
workforce of 129,932 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.
Daimler at a Glance
Daimler AG is one of the world’s most successful automotive
companies. With its divisions Mercedes-Benz Cars, Daimler Trucks,
Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the
Daimler Group is one of the biggest producers of premium cars and the
world’s biggest manufacturer of commercial vehicles with a global
reach. Daimler Financial Services provides financing, leasing, fleet
management, insurance, financial investments, credit cards, and
innovative mobility services. The company’s founders, Gottlieb Daimler
and Carl Benz, made history with the invention of the automobile in
the year 1886. As a pioneer of automotive engineering, it is a
motivation and commitment of Daimler to shape safely and sustainably
the future of mobility.
The Group’s focus is on innovative and green technologies as well as
on safe and superior automobiles that appeal and fascinate. Daimler
consequently invests in the development of efficient drive trains with
the long-term goal of locally emission-free driving: from hightech
combustion engines about hybrid vehicles to electric drive trains
powered by battery or fuel cell. Furthermore, the company follows a
consistent path towards intelligent connectivity of its vehicles,
autonomous driving and new mobility concepts. This is just one example
of how Daimler willingly accepts the challenge of meeting its
responsibility towards society and the environment. Daimler sells its
vehicles and services in nearly all the countries of the world and has
production facilities in Europe, North and South America, Asia, and Africa.
Its current brand portfolio includes, in addition to the world’s most
valuable premium automotive brand, Mercedes-Benz (Source:
Interbrand-Study, 10/4/2018), as well as Mercedes-AMG,
Mercedes-Maybach and Mercedes me, the 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 company is listed on the stock exchanges of Frankfurt and
Stuttgart (stock exchange symbol DAI). With application of IFRS 15 and
IFRS 9 in financial year 2017, Group revenue would have amounted to
€164.2 billion and Group EBIT would have amounted to €14.3 billion.
Before application of IFRS 15 and 9, Group revenue in 2017 amounted to
€164.3 billion and Group EBIT amounted to €14.7 billion, as previously reported.