Daimler/BMW Venture Share Now to Exit North America -- The Verge

Date : 12/18/2019 @ 9:31PM
Source : Dow Jones News
Stock : Bayerische Motoren Werke AG (BMW)
Quote : 44.865  0.48 (1.08%) @ 4:35PM
Bayerische Motoren Werke share price Chart

Daimler/BMW Venture Share Now to Exit North America -- The Verge

Bayerische Motoren Werke (XE:BMW)
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6 Months : From Oct 2019 to Apr 2020

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--Share Now, a car-sharing joint venture of Daimler AG (DAI.XE) and BMW AG (BMW.XE), will end North America service on Feb. 29, The Verge reported.

--In September, the service, formerly called Car2go, said it would exit several North American markets.

--Daimler and BMW cited factors including the "volatile state of the global mobility industry," The Verge reported.

 

Full story: https://www.theverge.com/2019/12/18/21028517/sharenow-car2go-leaving-north-america-bmw-daimler-cities-date

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

December 18, 2019 16:16 ET (21:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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