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

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604 Driver
 Posted 3 months, 3 weeks ago

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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.



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    {{ ratingSum }}
     3 months ago

    Ugh come on people, the market is FULL.

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    50 Driver
     3 months ago

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

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      209 Rider Driver
       3 months ago

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