Daimler, BMW offer concessions to ease EU concerns on car-sharing deal

FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau - Copyright REGIS DUVIGNAU(Reuters)

By Reuters

Published on 16/10/2018 - 14:35•Updated 23/04/2024 - 14:39

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BRUSSELS (Reuters) - German luxury carmakers Daimler and BMW 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 and China's Didi Chuxing.

(Reporting by Foo Yun Chee; Editing by Jan Harvey)

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