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E.U. executive conditionally approves Daimler, BMW car-sharing deal

BRUSSELS — The European Union's competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions. Under the deal, which includes car-sharing units Car2Go and DriveNow as well as ride-hailing, parking and charging services, Daimler and BMW will each hold 50 percent stakes in a joint venture. They have offered concessions to address E.U. antitrust concerns over the deal they hope would let them better compete with U.S. rival Uber and China's Didi Chuxing. The European Commission has found the deal would raise competition concerns for free-floating car sharing services in Berlin, Cologne, Duesseldorf, Hamburg, Munich and Vienna. It said Daimler and BMW agreed to a remedy package in the six cities. "The commitments thus fully address the Commission's concerns as they will reduce the barriers to entry for competing free-floating car sharing providers," the Commission said in a statement. "Therefore the Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns. The Commission's decision is conditional upon full compliance with the commitments." Reporting by Gabriela Baczynska and Philip Blenkinsop. Related Video:

BMW Competition Edition: 'ultimate version' of M5

BMW isn't waiting to see how much power the upcoming Mercedes-AMG E63 will have and is firmly placing itself at the top of the performance list with a new edition of the M5. BMW claims the M5 Competition Edition is the ultimate version of the sedan and will be limited to 200 models. BMW has confirmed that the vehicle will only be sold in Europe, which makes sense as the automaker just announced a US-only edition. The Competition Edition utilizes the same platform as the M5 with the Competition Package. The M5's twin-turbocharged 4.4-liter V8 receives an updated ECU and an increase in boost pressure for 40 more horsepower and 16 pound-feet of torque. The special edition now puts out 600 hp and 516 lb.-ft. of torque. With the M dual-clutch transmission as standard, the sedan takes 3.9 seconds to get to 62 mph from a standstill. The M5 Competition Edition also benefits from all of the go-fast goodies found in the Competition Package, which include: a recalibrated differential, special steering calibration, a reprogrammed M chassis control system, and an upgraded and lowered suspension. The limited-edition model will be finished in two body colors, Carbon Black and Mineral White, both of which are metallic, while the exterior is adorned with carbon fiber. The rear diffuser, spoiler, and mirror caps are all finished in carbon fiber, with the kidney grilles and side gills wear a "M5 Competition" badge. A unique set of black wheels wrapped in performance tires rounds out the exterior touches. On the inside, the M5 Competition Edition is finished in Merino Black leather with contrast stitching in Opal White. Even the floor mats, which are black, have Merino Opal White bordering. "///M5" is prominently embroidered on the performance seats' headrests, while the carbon-fiber interior trim bears a plaque (one to 200) to indicate the vehicle's limited quantity. All of the special editions will come with a Bang & Olufsen stereo system in addition to a host of high-tech features. The M5 Competition Edition is currently available for approximately $142,696 or roughly $42,000 over a M5 with the Competition Package. Related Video: Featured Gallery 2016 BMW M5 Competition Edition News Source: BMWImage Credit: BMW BMW Special and Limited Editions Performance Sedan limited edition

This BMW 2 Series ad has run afoul of Aussie ad watchdogs [w/poll]

A complaint by an Australian movie-goer has put the brakes on an extended in-theater ad campaign by BMW, and drawn the attention of the country's Advertising Standards Board. According to the anonymous complaint, the ad "portrays an unfavorable message, contrary to safe and sensible driving."
The ASB upheld the complaint, which said the ad for the new M235i showed driving "typical of hoon activity," thanks to the burnouts, dusty drifts and runs up to redline. It's that last one that seems to have gotten the spot in the most trouble, with the ASB acknowledging that even though the car wasn't shown breaking the speed limit, the ad was in violation of a voluntary code of conduct for automotive advertising, according to Australia's Go Auto.
BMW doesn't seem to agree, pointing out that the ad uses creative editing, aggressive camera angles and other filming tricks to "add visual impact."