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Daimler, BMW Throw In $1 Billion to Battle With Uber, Lyft - TheStreet

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AsStibelDude
668 Driver
 Posted 5 years, 8 months ago
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AsStibelDude
668 Driver
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What a crowded market.

German automakers Daimler (DDAIF) and BMW (BMWYY) are teaming up and committing $1.1 billion to creating various mobility solutions. The company's joint venture is aimed at providing charging, parking and ride-hailing services, along with car-sharing and multimodal transport solutions. There are tremendous changes hitting the auto market, and this Daimler-BMW partnership is the latest acknowledgement of such a change.

https://www.thestreet.com/amp/technology/daimler-bmw-spend-1-billion-to-battle-uber-lyft-14875301



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Comments

    {{ ratingSum }}
    GregoryMoran
    10
     5 years ago

    Ugh come on people, the market is FULL.

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    {{ ratingSum }}
    BenRosen
    86 Driver
     5 years ago

    Corporate greed in full swing!  Riders will pay too much and drivers will be paid too little!

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    Show Hide  1 Reply
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      breakingbread
      275 Rider Driver
       5 years ago

      Wouldn't that be nice if someone actually created a system where drivers get a bulk of the money.

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