Daimler and BMW want to grow their mobility services together (Image: Daimler)
BMW and Daimler officially asked the European Commission for approval to form a new global mobility company.
The green light from the European Union is one of the last obstacles to establishing the joint venture, which will bundle the mobility operations of the two German premium carmakers.
BMW and Daimler also said the global headquarters for the new company will be in Berlin.
The two car groups announced in March that they would combine mobility operations, aiming to grow strategically important new businesses such as car sharing, ride hailing, parking and charging.
Daimler’s Car2Go and BMW’s DriveNow car-sharing companies, which operate a combined 20,000 vehicles in 31 cities will become part of the new unit.
Each carmaker will hold a 50 percent stake in the new venture.
-By Arjen Bongard