Rivals BMW and Daimler Merging With a $1 billion Investment on the Future of Transportation
BMW and Daimler are putting more than $1 billion into a joint venture that will develop ride-sharing, charging and parking services. The rival German carmakers announced the investment in Berlin, describing their mobility business as a “global game changer” that could help fend off challenges from upstarts including Uber. “Our mobility services have developed a…