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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:

Mercedes shows off more of the S-Class Cabriolet

Mercedes has been very much into teasing lately, providing various kinds of peeks at the recently revealed Mercedes-AMG C63, the coming 2017 E-Class sedan, and the S-Class Cabriolet. We've seen the least of that latter car but it could be the one we know the most about. The sixth member of the S-Class family after the standard sedan, the long-wheelbase sedan, the Maybach models, the Pullman, and the coupes, this one puts a fabric top on that two-door model and then lets owners take it off. After the sketched rendering from two weeks ago, this latest photo from Mercedes shows us pretty much what we're going to get, and since we're huge fans of the coupe it looks like we'll be huge fans of this, too. It will certainly come heaped with techno gizmos like heated armrests, and a set of Burmester speakers in the tonneau cover. In case you're wondering, those screen-looking things behind the front seat headrests are fans for the Airscarf neck warming system. The press release below has a bit on the history and demise of four-seater Mercedes droptops, which helps remind us why we should care about the trim being resurrected 45 years later. Related Video: The new S-Class Cabriolet: A star returns Stuttgart, Aug 25, 2015 - Coveted dream car of the 1960s meets star of the 2015 International Motor Show in Frankfurt: the new Mercedes-Benz S-Class Cabriolet is following in the tradition of the open-top S-Class (model series 111 and 112) from the period 1961 to 1971. Unmistakeable, exclusive design, fine materials with maximum high-class appeal in the interior and state-of-the-art technology in the S-Class characterise the concept behind both cabriolets. "After 44 years we can again offer friends of our company an open variant of the S-Class. The new S-Class Cabriolet symbolises our passion for individual and timelessly exclusive mobility, which we share with our customers", remarks Ola Kallenius, Board Member of Daimler AG, Mercedes-Benz Cars Sales. With the new S-Class Cabriolet Mercedes-Benz is setting itself the standard of building the most comfortable cabriolet in the world. When it comes to climate comfort the enhanced automatic wind protection system AIRCAP, the AIRSCARF neck-level heating system, the heated armrests, the seat heating also in the rear plus the intelligent fully automatic climate control ensure that this is indeed the case.

Mercedes plans Audi TT fighter

With the growth in popularity of modular platforms in the auto industry, it's rapidly becoming commonplace to see a company with multiple models that look different but share a significant number of parts underneath. One such an example is Mercedes-Benz's line of compacts, including the A-Class hatchback, CLA-Class sedan, GLA-Class crossover. Two derivatives lacking from German brand's current, small-car range are a coupe and convertible, but that might be changing soon. Mercedes is hard at work on a coupe with 2+2 seating, a liftback roof and styling inspired by the AMG GT, according to Autocar. Daimler Chairman Dieter Zetsche reportedly supports the idea, too. The new two-door could be on the road as soon as 2019 to target models like the Audi TT and BMW 2 Series, and a convertible version might follow later. This little, luxury two-door would ride on Mercedes' next-gen, front-wheel-drive compact platform, according to Autocar. It reportedly allows the German company to vary a model's size more than the current version and can better adapt to hybrid powertrains. A previous report also suggested the coupe and convertible might use this improved chassis, if they got the green light. Of course, a Mercedes model is hardly complete without an AMG version, so that would also be a possibility. According to Autocar, the performance brand's 2.0-liter four-cylinder could see output pushed to 400 horsepower compared to the current 355-hp unit. Earlier rumors also indicated a more powerful version of the boosted mill might be on the way. With Autocar backing all this up only with unnamed sources, the rumors should probably be taken with a grain of salt at the moment. However, a small coupe from the brand doesn't seem entirely impossible. After all, after two-door versions of the C-,E-, and S-Class, why not a smaller one, too?