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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.

Mercedes may end Tesla supply agreement for B-Class Electric Drive

The Mercedes-Benz B Class Electric Drive has only been rolling off the production line for 17 months, each one equipped with a battery pack and drivetrain from Tesla Motors, but already there is talk of big upcoming changes. According to a report from the German publication Auto Motor und Sport, the next-generation version of this model will see an end to the Tesla-supplied tech and a hugely improved range. Currently, the electric sedan gets an EPA-rated 87 miles of range, using 28 kWhs of its 36-kWh battery, though its now-standard "Range Plus" package takes advantage of more of the pack, stretching that driving to 100 miles or so. It may take a year or several – the model just had a refresh – but expect those distance digits to double. The rumored range is said to be 500 km (310.7 miles), but since that would likely be calculated using the European drive cycle, expect something significantly lower stateside; say 220-ish official miles. This would be in keeping with expectations from a number of battery-powered competitors in the 2017-2018 time frame. It is unknown if this supposed next-gen B Class Electric Drive is in any way related to the rumored "Ecoluxe" program. The Tesla/Daimler relationship stretches back to 2009, when the Stuttgart-based outfit made a significant investment in the California automaker, quite possibly saving it from extinction in the process. We have reached out Mercedes-Benz about this report, but as of this writing, have not had a reply. We will update this post when we hear back. Related Video: Featured Gallery 2015 Mercedes-Benz B-Class Electric Drive: Paris 2014 View 13 Photos Green Rumormill Mercedes-Benz Tesla Electric Sedan electric drive electric drivetrain

Mercedes and VW battling Uber and Apple to spend billions on Nokia mapping division

Whether for autonomous driving or simply better navigation, digital mapping is closely linked with the future of motoring. The sale of a major player in that industry is spurring a showdown between automotive behemoths and tech giants, and it's a fascinating battle to watch unfold. Nokia is selling its Here mapping division, and while the company might not have the name recognition of Google, it controls about 70 percent of the auto market. The business is valued at $785 million, according to Reuters, but is likely to sell for significantly more. Case in point: Uber reportedly submitted a $3 billion bid. Apple has also been rumored to be among those interested in purchasing Here. A trio of German automotive heavyweights is mounting a challenge to Silicon Valley, though. According to Reuters speaking to two unnamed insiders, Daimler, BMW, and Audi are teaming up to submit a joint bid for an undisclosed sum. They're worried that if Here falls under the control of tech companies, then automakers might have limited availability to these vital maps in the future. Nokia bought Here for $8.1 billion in 2007, according to Reuters. The company operates a fleet of vehicles with cameras and LIDAR that drive around the world to create high-definition maps. It also generates even more information by using the GPS data from shipping and trucking companies.