BMW and Daimler quit car-sharing service in US, Canada

BMW and Daimler quit car-sharing service in US, Canada
BMW and Daimler quit car-sharing service in US, Canada

We show you our most important and recent visitors news details BMW and Daimler quit car-sharing service in US, Canada in the following article

Hind Al Soulia - Riyadh - FRANKFURT AM MAIN, Germany — Luxury carmakers BMW and Daimler have announced that they will ditch their joint car-sharing scheme in North America and scale back the service in Europe, citing lower than expected take-up in a "complicated" market.

The move comes less than a year after the German rivals launched their Share Now scheme to great fanfare as part of a plan to join forces and pour one billion euros ($1.1 billion) into the "mobility services" of the future.

In a statement on Wednesday, the firms said they would scrap Share Now in the United States and Canada from Feb. 29, 2020, blaming "the volatile state of the global mobility landscape" and rising costs.

Share Now, born out of Daimler's Car2Go and BMW's DriveNow operations, will also exit the car-sharing market in London, Brussels and Florence "due to low adoption rates".

The firms said they had to face up to "complicated realities" in the fiercely competitive business of using apps to book cars for short-term rentals in urban areas.

US auto giant General Motors earlier this year pulled its Maven car-sharing service out of eight American cities, while rival Ford dropped its Chariot shuttle service for commuters.

The setbacks are the latest to hit a car industry in the throes of transformation, with automakers scrambling to respond to changing customer demands and investing billions in the electric, self-driving cars of tomorrow.

While car sharing has been touted as an affordable and more environmentally-friendly alternative to owning a car, it has yet to gain widespread acceptance and faces strong competition from ride-hailing services like Uber. — AFP


These were the details of the news BMW and Daimler quit car-sharing service in US, Canada for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT US gas production sets new records in Pennsylvania and the Permian