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BMW and Daimler are sharing

The rival German automakers announced the investment on Friday in Berlin, which describes the mobility business as a "global game changer" that could help eliminate challenges from startup, including Uber."Our mobility services have developed a strong customer base and we are now taking the next strategic step," Daimler ( DDAIF ) chief Dieter Zetsche said in a statement. The venture is an example of how established automakers form partnerships to share the costs of developing technologies, including autonomous driving systems and electric vehicle platforms."Further collaboration with other vendors, including start-ups and established players, is also a possible option," said Zetsche, who also oversees Daimler's Mercedes-Benz brand. For the first time, companies announced their intention to merge in March 201 8, but the plan required the approval of the regulator. BMW ( BMWYY ) and Daimler focused on five areas: car sharing, ride-hailing, parking, charging and multimodal transport , which allows travelers to use several transport methods on a single port. "These five services will merge ever closer to form a single mobility portfolio," said BMW manager Harald Krüger. "The collaboration is the perfect way for us to maximize our chances in a growing market, while sharing the investments." Other global automakers have also been ready. Ford ( F ) and Volkswagen ( VLKAF ) announced a plan in January to build vehicles together. The companies have also agreed to "examine" how they can work together to develop the next generation of vehicles. The trend toward collaboration has accelerated as car…

The rival German automakers announced the investment on Friday in Berlin, which describes the mobility business as a “global game changer” that could help eliminate challenges from startup, including Uber.

“Our mobility services have developed a strong customer base and we are now taking the next strategic step,” Daimler ( DDAIF ) chief Dieter Zetsche said in a statement

. The venture is an example of how established automakers form partnerships to share the costs of developing technologies, including autonomous driving systems and electric vehicle platforms.

“Further collaboration with other vendors, including start-ups and established players, is also a possible option,” said Zetsche, who also oversees Daimler’s Mercedes-Benz brand.

For the first time, companies announced their intention to merge in March 201

8, but the plan required the approval of the regulator.

BMW ( BMWYY ) and Daimler focused on five areas: car sharing, ride-hailing, parking, charging and multimodal transport , which allows travelers to use several transport methods on a single port.

 Daimler chief Dieter Zetsche meets BMW chairman Harald Krüger in Berlin.

“These five services will merge ever closer to form a single mobility portfolio,” said BMW manager Harald Krüger. “The collaboration is the perfect way for us to maximize our chances in a growing market, while sharing the investments.”

Other global automakers have also been ready.

Ford

( F ) and Volkswagen ( VLKAF ) announced a plan in January to build vehicles together. The companies have also agreed to “examine” how they can work together to develop the next generation of vehicles.

The trend toward collaboration has accelerated as car tester more under increased pressure from technology companies, including Uber and Google (] GOOGL ) Parent Alphabet. Tesla ( TSLA ) and new combinations, such as the common effort of General Motors ( GM GM ) [AlsoSoftBank ( SFTBF ) and Honda ( HMC ) could shake up the future of the industry.

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