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

Published 11/11/2020, 15:27
Updated 11/11/2020, 15:30
© Reuters. 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 (DE:DAIGn), 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 (NYSE:UBER) Ltd had offered 1 billion euros for the venture.

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