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

Joseph White
·1-min read
The spread of the coronavirus disease (COVID-19) in Munich
The spread of the coronavirus disease (COVID-19) in Munich

By Joseph White

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.

(Reporting By Joe White; Editing by Chizu Nomiyama)