BMW takes over 100% of car-sharing provider DriveNow

Probably in the run-up to the alleged Fusion of DriveNow and car2go, the BMW Group acquired 100 percent of the car-sharing provider DriveNow. So far, BMW and Sixt each held 50 percent of the shares of the company, which has risen in recent years in many regions of the leading car-sharing provider. Sixt was previously as an opponent of the merger of DriveNow and car2go, which is why the Acquisition of the Sixt shares by the BMW Group is no Surprise.

Both companies strive in their official Statements, the continued willingness to cooperate to clarify. The Sixt fleet for the classic car business will continue to be characterised by numerous vehicles of the brands BMW and MINI, of a break between the BMW Group and Sixt SE, is therefore out of the speech.

Peter Schwarzenbauer (member of the Board of management of BMW AG, MINI, Rolls-Royce, BMW Motorrad, customer experience and Digital Business Innovation BMW Group): “With DriveNow we have written in the past seven years an extraordinary success story. We owe this to the performance of the DriveNow employees and the excellent cooperation with our Joint Venture Partner, Sixt. Sixt will remain in the future a strong Partner. By 2025, we want to inspire 100 million customers for our Premium mobility services. With DriveNow as a hundred percent daughter we have all the options for a strategic further development of our Services in the Hand. The experience of our mobility services are for us, also with a view to future Autonomous, electrified, and networked fleets are relevant.”

Alexander Sixt (managing Board strategy of Sixt SE): “The joint development of DriveNow, the innovative power of Sixt and the BMW Group shows impressive. We would like to thank the DriveNow employees and the BMW Group for this success and look forward, our strategic partnership with the BMW Group to supply within the framework of our vehicle contracts for BMW and MINI brands.”

Sebastian Hofelich (managing Director of DriveNow): “With the electric fleet of DriveNow, our customers have completed in 2017, over 8 million kilometres and more than 200 Times the earth surrounded with an electric drive. DriveNow relieves not only the traffic and the Parking situation in the urban space, but also helps the electric mobility to a breakthrough. We look forward to working with our cities and Franchise partners, in this sense, the future of the urban mobility in a more active and sustainable.”

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