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E.U. executive conditionally approves Daimler, BMW car-sharing deal
Wed, Nov 7 2018BRUSSELS — 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 to unveil X4 in March
Mon, 04 Nov 2013It's been about half a year since BMW unveiled the X4 concept in Shanghai. But if you've been waiting for news on when it will reach production, the latest intel indicates it'll be announced next March.
Just when in March? That's the strange part. Inautonews reports having been told by BMW that the new X4 will be announced on March 14. So, the Geneva Motor Show, then? Not quite: although that show will still be going on then, the doors open to journalists like us on March 4, not 14. So either someone has got some details mixed up, or BMW - for some reason - is planning on waiting until after Geneva to reveal the production X4.
Whenever it does, we'll be looking at a slantback version of the X3, much like BMW did with the X5 and X6, giving Bavaria a rival to the Range Rover Evoque and Porsche Macan.
BMW recalling all 2000-06 3 Series models over airbags in US, 1.6M globally
Wed, 16 Jul 2014We just can't seem to get away from recalls involving the faulty airbag inflators supplied by Takata. There are already millions of vehicles in need of repair as a result of these ever-expanding campaigns, and BMW is adding another 1.6 million worldwide. The Bavarian automaker is issuing a recall for certain 3 Series models, including 574,000 of them in the US, to replace the passenger-side, front airbag inflator.
Specifically, the campaign covers 3 Series models from the 2000 through 2006 model years built between May 1999 and August 2006. "It's only the E46" generation of cars that are affected, which are now two model revisions old, according to BMW of North America spokesperson Matt Russell, speaking to Autoblog.
These models suffer the same problem as the rest of the vehicles with the faulty inflators. It's possible for the part to rupture during airbag deployment and possibly spray shrapnel at the occupant. However, according to BMW, the automaker isn't aware of any actual cases of this happening in any of its vehicles.