BMW and Mercedes-Benz plan sale of car-sharing subsidiary to Stellantis – shares in green

According to the announcement, the companies recently signed a corresponding agreement. It was agreed not to disclose the details of the transaction.

In the future, BMW and Mercedes-Benz want to focus on digital multi-mobility (Free Now) and on digital services for charging electric vehicles (Charge Now). With the purchase, Stellantis could further expand the car sharing offer of the mobility subsidiary Free2move in Europe.

“Even if Mercedes-Benz will focus more on its core business in the luxury segment in the future, car sharing will remain an important part of urban mobility and, at Free Now, a key element of the mobility offering,” says Gero Götzenberger, Director of Strategy and Investments at Mercedes-Benz Mobility the message. “The new orientation enables us to scale our activities more quickly and thus further profitable growth in the shortest possible time,” adds Rainer Feurer, Head of Corporate Investments at BMW.

While the Stellantis share in Paris at times jumped by 2.17 percent to 12.884 euros, BMW titles gained 2.19 percent via XETRA to 79.34 euros. Meanwhile, Mercedes shares rose by 0.19 percent to 62.34 euros.

FRANKFURT (Dow Jones)

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