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E.U. executive conditionally approves Daimler, BMW car-sharing deal

BRUSSELS — The European Union's competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler and BMW to combine their car-sharing businesses, subject to conditions. Under the deal, which includes car-sharing units Car2Go and DriveNow as well as ride-hailing, parking and charging services, Daimler and BMW will each hold 50 percent stakes in a joint venture. They have offered concessions to address E.U. antitrust concerns over the deal they hope would let them better compete with U.S. rival Uber and China's Didi Chuxing. The European Commission has found the deal would raise competition concerns for free-floating car sharing services in Berlin, Cologne, Duesseldorf, Hamburg, Munich and Vienna. It said Daimler and BMW agreed to a remedy package in the six cities. "The commitments thus fully address the Commission's concerns as they will reduce the barriers to entry for competing free-floating car sharing providers," the Commission said in a statement. "Therefore the Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns. The Commission's decision is conditional upon full compliance with the commitments." Reporting by Gabriela Baczynska and Philip Blenkinsop. Related Video:

BMW i3 sales rise after Germany adds plug-in vehicle subsidies

BMW's advance sales of its i3 electric vehicle have risen since Germany began offering incentives for plug-in vehicle buyers. About 1,000 of the 5,000 global orders for the updated version of the i3 were taken from Germany, says Reuters, citing the German publication Frankfurter Allgemeine Sonntagszeitung (FAS), which itself cited BMW sources. That sales rate for deliveries from mid-July onward marks a "many times over" increase from how the i3 had been selling. BMW representatives weren't available to comment, according to Reuters. That demand increase coincides with the German government's recent decision to collaborate with automakers by offering financial perks for plug-in vehicles. German consumers get a $4,400 break on electric vehicles and a $3,300 discount on plug-in hybrids. All told, the program will be worth about $1.4 billion, and about half of that funding will come from the German automakers themselves. That program will also fund the deployment of as many as 15,000 vehicle-recharging stations, which should further spur demand for plug-in hybrids and EVs. The ultimate goal is to speed up plug-in vehicle adoption to meet German Chancellor Angela Merkel's 2009 goal to have 1 million EVs on Germany's roads by 2020. Upon adoption of the government initiative, Germany had accounted for about 30,000 electric vehicles, implying that the country was far off the pace needed to meet Merkel's decade-end target. As for BMW, the company announced this spring that the 2017-model-year i3 will offer a 33-kWh battery. The larger pack will increase the i3's single-charge range to 114 miles from 81 miles, or a 41-percent boost. Reuters says BMW is also planning to further improve the i3's performance for 2018, while another electric vehicle is on tap for 2021. BMW also sells the super-sporty i8 plug-in hybrid under its "i" sub-brand. Related Video: Featured Gallery 2017 BMW i3 View 26 Photos News Source: Reuters Government/Legal Green BMW Electric PHEV

BMW halts delivery of several M cars for rear differential problem

BMW issued a stop-delivery order on 202 cars this week. The affected vehicles include the M2, M3, M4, M5, and 5 and 6 Series models. They were produced between May 12 and July 4, 2016. According to a service bulletin by BMW, which was published on Bimmerpost, the affected vehicles will need a new rear differential. The bulletin doesn't state what's wrong with the rear differentials, and a BMW spokesman did not have immediate comment on the issue. BMW will update the bulletin with more details on warranty information and repair instructions as they become available. Owners can contact BMW to find out if they're affected. BMW has issued several recalls this year. Just last month, the automaker recalled more than 200,000 SUVs for lower child-seat anchor bars, as well as potential damage and failure to the universal join on the front driveshaft. In February, BMW recalled 840,000 vehicles to replace faulty Takata airbags, while 6,110 units of the 2016 7 Series were added to the same recall in April. Related Video: News Source: BimmerpostImage Credit: BMW Recalls BMW Coupe Performance Sedan bmw m4 bmw m2 service bulletin