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BMW and Mercedes-Benz sell a car-sharing company

BMW and Mercedes-Benz sell a car-sharing company

BMW and Mercedes-Benz want to sell a car-sharing service dubbed “Share Now” to rival Stellantis. The two German automakers announced on Tuesday that they had recently signed a declaration of intent. It was agreed not to disclose any details. Stellantis, the parent company of brands such as Fiat, Chrysler, Peugeot and Opel, could expand its Mobility subsidiary Free2move through the acquisition.

Antitrust authorities have yet to approve the sale. “Share Now” is Europe’s largest station-independent car-sharing provider. The company is represented in 16 European cities with about 11,000 cars and claims to have about 3.4 million customers. There has been speculation about the sale for some time.

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