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BMW negotiates Daimler alliance, buys out car-service partner Sixt

Sixt sells its stake in DriveNow car-sharing to BMW BMW in talks with Daimler to combine car-sharing Combining car-sharing business to aid robotaxi plans FRANKFURT — Germany's BMW has bought out partner Sixt from their joint venture DriveNow, paving the way for a broader car-sharing and driverless taxi alliance with Daimler to compete against Uber and Lyft. Car rental company Sixt said on Monday it would generate an extraordinary pre-tax profit of about 200 million euros ($248 million) in 2018 from the sale of the DriveNow stake to BMW for 209 million euros. "With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services," said Peter Schwarzenbauer, BMW's board member for Digital Business Innovation. "Our experience with mobility services supports our development of future autonomous, electrified and connected fleets," he said, adding that BMW aims to have 100 million customers for "premium mobility services" by 2025. The Sixt deal comes as BMW moves closer to a deal to combine its car-sharing services with Daimler's Car2Go, a person familiar with the discussions told Reuters last week. The German carmakers want to build a joint business that includes car sharing, ride-hailing, electric vehicle charging, and digital parking services, a senior executive at one of the companies said on Monday. Mercedes-Benz parent Daimler and BMW declined comment on the status of potential talks on their car-sharing business. "This is speculation, we do not comment," BMW said. The senior executive, who declined to be named because the plan is not public, said: "This will create an ecosystem which can also be used for managing robotaxi (driverless taxi) fleets." BMW would contribute its ParkNow and ChargeNow businesses to the common company, the executive said, adding that there were still differences of opinion over the valuation of Car2Go. The market for ride-hailing services currently makes up around 33 percent of the global taxi market, and could grow eightfold to $285 billion by 2030, once autonomous robotaxis are in operation, Goldman Sachs said in a recent research note. BMW and Daimler are now working on developing autonomous cars, vehicles which could enable them to up-end the market for taxi and ride-hailing services.

Recharge Wrap-up: EVSR returns to Mt. Washington, China Mulls $16 Billion For EV Charging

Foxconn and electric carmaker BAIC are partnering to provide an electric car rental service in China. Slated to kick off next month in Beijing, Hangzhou and Jiangsu province, the company, called Henyu, will offer the EV rentals by the hour. Henyu hopes to offer 5,000, to 10,000 electric rental cars within a year, and wants to become the largest EV rental group in China. The company will also deploy BAIC's E150EV to ten cities for rental outside of Beijing. Read more at Want China Times. Hoping to convince more people to make the switch to electric cars, China is considering investing $16 billion to install charging facilities. Anonymous sources have said that an announcement about the program will be made soon. China has already announced and implemented various measures, such as incentives and tax breaks, to encourage more people to drive emissions free and improve urban air quality. China aims to have 30 percent of its government vehicle purchases be EVs by 2016, with higher targets after that. There's more from Bloomberg. BMW is launching a campaign to highlight technology features from the i8 to be used in other BMW vehicles. Called BMW Innovations, the program will include television ads showing how the i8's full-color heads-up display, LED headlight technology and Surround View Camera System are making their way into cars such as the 3 Series, 5 Series and X3, respectively. BMW Innovations also includes digital and social media campaigns, as well as hands-on technology presentations at dealerships. See the new ads below, and learn more in the press release. EVSR is set to return to Mt. Washington for the Alternate Energy Summit. It is the team's first time back since EVSR set the electric vehicle record at the Climb to the Clouds hill climb earlier this year. EVSR will run the cars up the hill again, and it will hold a workshop about electric racing, called "Redefining Motorsports - A How-To Guide for Creating a Revolution in Speed." The Alternative Energy Summit takes place on September 13 and 14 as part of National Drive Electric Week, and is free to the public. Read more in the press release, below. BMW Debuts BMW Innovations Campaign Showcasing Key Technology Features. Woodcliff Lake, NJ – August 27, 2014... BMW of North America will introduce a new campaign, BMW Innovations, which will highlight how the range of BMW vehicles share several key technology features with the visionary BMW i8, a plug-in hybrid high-performance vehicle.

Alpina Edition 50 models boast 204-mph top speed, company's most-powerful V8 ever

The folks at Alpina bridge the gap between a full factory outfit and traditional tuners. It currently only builds around 1,700 cars a year, but you're not going to find any massive rear wings or garish paint from the company. Instead, the business has been perfecting how to make BMWs better for the last 50 years and has decided to celebrate with its most powerful road model yet. For the Edition 50 models, Alpina is crafting 50 sedans or wagons and 50 coupes for European buyers based around its B5 Bi-Turbo and the B6 Bi-Turbo, respectively. The real birthday present is the upgraded, twin-turbocharged 4.4-liter V8 under the hood. It makes 591 horsepower and 590 pound-feet of torque, a bump of 59 hp and 52 lb-ft from the regular versions. The extra grunt comes thanks to additions like an optimized intake, water-cooled intercoolers near the turbos, lightweight pistons and a titanium exhaust. Alpina claims that these celebratory vehicles can get to 62 miles per hour in 4.2 seconds and a top speed of 204 miles per hour. Beyond just the major improvement in power, these special vehicles wear Alpina's more aggressive, though still understated body kit. They also ride on an updated version of the company's famous wheels that feature added side cuts on the multiple spokes to reduce weight. These exclusive cars are only available in Alpina's own shades of green and blue, plus a special color called Edition 50 Sepia from BMW Individual. There are also special logos on the seatbacks and center console to further promote the models' limited nature. Celebrating the brand's birthday in one of these high-speed vehicles retails for 86,850 pounds ($130,000) for buyers in the UK. NEW 204 MPH SUPERSALOON CELEBRATES 50 YEARS OF ALPINA ENGINEERING EXCELLENCE 26/03/15 Extensively revised V8 is the most powerful roadcar engine in the company's history Nottingham - Bespoke car manufacturer ALPINA will create 50 remarkable saloons (or estates) and 50 similar coupes to celebrate the company's half century this year. Based on the B5 Bi-Turbo and the B6 Bi-Turbo respectively, each vehicle will include hand-crafted Edition 50 body and trim features and a remarkable, heavily revised V8 that will propel the luxury five seater from 0-100 km/h (62 mph) in 4.2 seconds and on to a top speed of 204 mph. ALPINA's fifty year heritage includes the creation of some of Europe's most highly-regarded luxury performance road cars and iconic race cars including the legendary BMW 3.0 CSL.