|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.71 - 14.85|
|52 Week Range||12.63 - 22.79|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||5.98|
|Forward Dividend & Yield||1.13 (8.09%)|
|1y Target Est||N/A|
Daimler AG and BMW Group officially agreed to merge their urban mobilityservices into a single holding company back in March 2018 with a 50 percentstake each
German automakers BMW and Daimler AG provided a host of details on their partnerhsip that will that will invest more than $1 billion into mobility services. The companies, which agreed to pool their services last year, plan to invest in handful of programs designed to help simplify and improve transportation in urban areas. The pair have created five joint ventures focused on everything from ride sharing to parking and expect the initiatives will produce around 1,000 new jobs.
If it's one thing traditional automakers have, it's fight. are teaming up and committing $1.1 billion to creating various mobility solutions. CEO Mary Barra said the auto industry will change more in the next few years than it has in the last few decades.
was up 27% Friday following the release of the company's fourth-quarter earnings that handily beat analysts' estimates, wrote TheStreet's Tony Owusu. The Ventura, Calif.-based company reported fourth-quarter earnings of $39 million, or $1.09 cents per share on an adjusted basis, on revenue of $161 million. Analysts were expecting the company to report earnings of 79 cents per share on revenue of $148 million.
The two German-based luxury automakers first announced plans to team up last spring and are now ready to set in motion projects including ride- and car-sharing, as well as electric vehicle charging. The project, which is expected to see them invest a combined 1 billion euros, or $1.13 billion, will also create an initial 1,000 new jobs, BMW and Daimler announced at news conference Friday morning in Frankfurt. Traditionally fierce rivals, BMW and Daimler are teaming up to challenge a new wave of high-tech competitors, such as Uber and Alphabet's GOOGL Waymo unit, by launching five mobility services joint ventures.
German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility services provided by Uber and other tech firms. The luxury car firms said they would invest more than 1 billion euros (867.9 million pounds) to expand the joint venture, shifting beyond manufacturing and car sales towards pay-per-minute or pay-per-mile systems. Consultancy PwC has said carmakers face marginalisation by cash-rich technology firms unless they develop services based on vehicle usage.
FRANKFURT, Germany (AP) — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities.
The German venture, which is estimated to become the world’s largest car-sharing operator, will weigh purchases of startups or 30established players, along with collaborations, Daimler said. The carmakers are betting their unified platform will resonate with investors, Daimler Chief Executive Officer Dieter Zetsche said in a Bloomberg Television interview. The new venture, announced almost one year ago, will combine Daimler’s Car2go and BMW’s DriveNow to create the world’s biggest car-sharing operator by users, according to BloombergNEF.
Two German auto makers are attempting to link up transport using autonomous cars and app-based services. Daimler and BMW are to invest $1.13 billion across five different divisions. German auto giants BMW BMW-DE and Daimler DAI-DE have announced a new one billion euro ($1.13 billion) mobility partnership.