Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
Reuters
Published Oct 16, 2018 05:36AM ET
Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
BRUSSELS (Reuters) - German luxury carmakers Daimler (DE:DAIGn) and BMW (DE:BMWG) have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday.
The companies made the offer on Monday, a filing on the EU competition enforcer's website showed, without providing details.
The Commission is expected to seek feedback from customers and rivals before deciding by Nov. 7 whether to accept the concessions, demand more or open a full-scale investigation.
Daimler and BMW want to combine their car-sharing units Car2Go and DriveNow to better compete with U.S. rival Uber [UBER.UL] and China's Didi Chuxing.
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Written By: Reuters
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