Daimler, BMW Offer Concessions to EU for Car-Sharing JV
October 16 2018 - 7:42AM
Dow Jones News
By Max Bernhard
German premium car makers Daimler AG (DAI.XE) and BMW AG
(BMW.XE) have offered concessions to the EU to ease anti-trust
concerns over the planned combination of their car-sharing units,
the European Commission said in a filing Tuesday.
The two companies submitted commitments on Monday, the EC said
without providing further detail.
Daimler and BMW decided to join forces in March to better handle
competition from technology giants such as Uber Technologies Inc
(UBERI.XX) and China's Didi Chuxing Technology Co. They plan to
combine their car-sharing units, as well as there ride-hailing and
electric-vehicle-charging services, in a new joint venture to be
headquartered in Berlin.
The EC has set a provisional deadline of Nov. 7 for the case for
, it said.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 16, 2018 07:27 ET (11:27 GMT)
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