BMW and Daimler plan to base their proposed global mobility company in Berlin.
The two partners said they were purposely establishing this mobility services provider outside of their respective group structures "in the dynamic environment of Germany's capital city".
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"Our vision is to create a major global player for seamless and intelligent connected mobility services together. As a hub for creativity and innovation, Berlin is exactly the right location for our plans," said Daimler chief Dieter Zetsche.
"The future of mobility is being shaped in major cities like Berlin. We believe this will improve quality of life in major cities," said BMW chairman Harald
The two companies took a further step towards their joint venture by officially filing the transaction with the European Commission, addressing the joint venture's most important market. The transaction has already been filed with authorities in several countries and, in some cases, has already been approved.
BMW and Daimler plan to join forces and offer customers a single source for urban mobility services.
They'll offer intelligent, seamlessly connected mobility services, at the tap of a finger on a smartphone.
Car sharing, ride hailing, parking, charging and multi-mode transport will be included. The two companies will each hold a half share of the joint venture but will remain competitors in their respective core businesses.
