BMW CEO says he is weighing options for mobility JV with Daimler

FILE PHOTO: Oliver Zipse, CEO of German luxury carmaker BMW poses with a mask after BMW donated protection masks and gloves to the Federal Agency for Technical Relief (THW), as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, April 8, 2020. REUTERS/Andreas Gebert

DETROIT (Reuters) – BMW AG Chief Executive Oliver Zipse said Wednesday he is weighing options for the company’s mobility services joint venture with Daimler AG, including bringing in new partners or possibly a partial sale.

BMW wants to continue to participate in the mobility services market “whether we bring in new partners or whether we sell it,” Zipse told a videoconference of reporters.

“This is a very dynamic environment,” he said. “You will see where we make one or the other move.”

The future of Free Now, the BMW-Daimler venture that includes car sharing, ride hailing and other services, has been uncertain. Last month, Germany’s Manager Magazin reported Uber Technologies Ltd had offered 1 billion euros for the venture.

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