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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:

Max Verstappen wins rain-soaked German Grand Prix

HOCKENHEIM, Germany — Max Verstappen won a chaotic and rain-soaked German Grand Prix on Sunday as championship leader Lewis Hamilton finished 11th and his Mercedes teammate Valtteri Bottas crashed near the end. Verstappen kept his composure on a treacherous track to clinch his second victory this season and seventh of his Red Bull career, topping a surprise podium ahead of Ferrari's Sebastian Vettel — who started from last — and Toro Rosso driver Daniil Kvyat. "It was amazing to win, it was really tricky out there, you had to be focused," Verstappen said. "It was about trying to not make too many mistakes. You learn over the years. I'm very happy with the result." Following this week's crushing heatwave, wet weather caused Hockenheimring havoc as drivers took up to six pit stops for new tires and several crashed at the same spot where a section of tarmac was notoriously slippery. Ferrari driver Charles Leclerc was in contention for a podium, despite starting from 10th, but crashed after switching for quicker tires and slid off the track, over the gravel and into the barriers. Remarkably, Hamilton had the same mishap moments later, mangling his front wing after losing control at the same corner. He came in for a new wing and tires, but it took Mercedes by surprise and a painfully long stop cost him any chance of victory. For Vettel it was a remarkable turnaround, and almost the opposite to last year — when he crashed near the end after leading the race from pole position and Hamilton won, having qualified only 14th. "It was a lot of fun, it was very tough to read what the smartest move was in the conditions," Vettel said. "I stayed tidy in the whole race. Congratulations to Max, he was superb." The red-clothed Ferrari mechanics and engineers mobbed the four-time F1 champion, doubtless relieved after the team's botched qualifying on Saturday. Vettel could not even get out on track to set a time and Leclerc's qualifying bid was undone late in the session, forcing him to start 10th. For Kvyat it was a third career podium but, above all, a point proved. The 25-year-old Russian driver was ruthlessly replaced at Red Bull by Verstappen after just four races of the 2016 season, and could not even get a seat in F1 last year. "Amazing to be back on the podium," Kvyat said. "The race was crazy. Incredible roller-coaster, like my whole career." The track was drenched by the time the race started. For safety reasons, a safety car was deployed.

Electric Hummer is official, and Tesla's got momentum | Autoblog Podcast #612

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Senior Editor, Green, John Beltz Snyder. They start things off with a discussion of the week's news: GMC is launching an electric Hummer truck with a Super Bowl ad, and Tesla was profitable in Q4, sending its stock soaring. Then they talk about what they've been driving, including a super badass Mercedes-Benz Sprinter, the Kia Telluride and their long-term Volvo S60 PHEV. There's no "Spend My Money" segment this week, so send in your questions for future podcast episodes. Autoblog Podcast #612 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Hummer returns as electric GMC truck Further reading: Grappling with the dark side of EVs Tesla profitable for second straight quarter Cars we're driving: Mercedes-Benz Sprinter 3500XD Kia Telluride (whose safety tech won Autoblog's 2020 Technology of the Year Award) Long-term Volvo S60 T8 update Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.