Daimler, BMW to invest 1 billion euros in venture to compete Uber

Daimler BMW logo

Daimler and BMW revealed a joint ride-hailing, parking and electric vehicle charging business on Friday to rival with mobility services offered by Uber and other tech companies. The luxury car companies stated they would invest over 1 billion euros ($1.13 billion) to broaden the joint venture, moving beyond manufacturing and auto sales toward pay-per-minute or […]