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BMW negotiates Daimler alliance, buys out car-service partner Sixt

Sixt sells its stake in DriveNow car-sharing to BMW BMW in talks with Daimler to combine car-sharing Combining car-sharing business to aid robotaxi plans FRANKFURT — Germany's BMW has bought out partner Sixt from their joint venture DriveNow, paving the way for a broader car-sharing and driverless taxi alliance with Daimler to compete against Uber and Lyft. Car rental company Sixt said on Monday it would generate an extraordinary pre-tax profit of about 200 million euros ($248 million) in 2018 from the sale of the DriveNow stake to BMW for 209 million euros. "With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services," said Peter Schwarzenbauer, BMW's board member for Digital Business Innovation. "Our experience with mobility services supports our development of future autonomous, electrified and connected fleets," he said, adding that BMW aims to have 100 million customers for "premium mobility services" by 2025. The Sixt deal comes as BMW moves closer to a deal to combine its car-sharing services with Daimler's Car2Go, a person familiar with the discussions told Reuters last week. The German carmakers want to build a joint business that includes car sharing, ride-hailing, electric vehicle charging, and digital parking services, a senior executive at one of the companies said on Monday. Mercedes-Benz parent Daimler and BMW declined comment on the status of potential talks on their car-sharing business. "This is speculation, we do not comment," BMW said. The senior executive, who declined to be named because the plan is not public, said: "This will create an ecosystem which can also be used for managing robotaxi (driverless taxi) fleets." BMW would contribute its ParkNow and ChargeNow businesses to the common company, the executive said, adding that there were still differences of opinion over the valuation of Car2Go. The market for ride-hailing services currently makes up around 33 percent of the global taxi market, and could grow eightfold to $285 billion by 2030, once autonomous robotaxis are in operation, Goldman Sachs said in a recent research note. BMW and Daimler are now working on developing autonomous cars, vehicles which could enable them to up-end the market for taxi and ride-hailing services.

Car2Go expands service in New York City

New York City residents can expect to see even more blue-and-white Smart Fortwos buzzing around the Big Apple because the Daimler-owned Car2Go carsharing service is expanding into Queens starting August 29. The growth means that those in Long Island City, Astoria, Woodside, and Sunnyside can now rent the little hatchbacks by the minute. To support the expected new users, Car2Go is adding 100 more Smarts to the fleet in the area to bring the total to 550. The carsharing service launched in trendy Brooklyn in October 2014 and has seen success with over 27,000 members logging more than 250,000 trips. By expanding into Queens, Car2Go is trying to offer an easier way to travel between the two boroughs without having to go through busy Manhattan. The added locations also take the company's service area in NYC up to 44 square miles, eight-square-miles larger than before. Related Video: car2go Opens A Road To Queens With One-Way Carsharing Expansion Will Improve Cross-Borough Access Between Brooklyn and Queens and Extend the Reach of Public Transit car2go to Bring 100 smart Vehicles to Long Island City, Astoria, Woodside and Sunnyside Beginning August 29th NEW YORK, Aug. 11, 2015 /PRNewswire/ -- car2go N.A., LLC announced today that it will bring its popular one-way carsharing service to Long Island City, Astoria, Woodside and Sunnyside in Queens, New York beginning August 29th. On the heels of exponential growth in Brooklyn, car2go will be making it easier for members to explore several Queens neighborhoods, and travel to and from Brooklyn at their own convenience. The move represents an important step toward an outer-Manhattan carsharing system, representing a new mobility option for the diverse and vibrant communities that are less accessible via public transit. CLICK TO TWEET: car2go expands to Queens (LIC, Astoria, Woodside & Sunnyside) on 8/29 - sign up at http://c2g.cc/qXpjQr w/ promo code QUEENS "Since the twilight of the trolley system many decades ago, there really hasn't been a reliable option for New Yorkers to travel between Brooklyn and Queens without going all the way through Manhattan," said car2go Brooklyn General Manager Tom McNeil. "Queens is a bustling hub of cultures, small businesses, international cuisine and affordable housing opportunities that have long been a challenge to access.

Consumer Reports no longer recommends Honda Civic

Consumer Reports annual Car Reliability Survey is out, and yes, there are some big surprises. First and foremost? The venerable publication no longer recommends the Honda Civic. In fact, aside from the walking-dead CR-Z and limited-release Clarity fuel-cell car, the Civic is the only Honda to miss out on CR's prestigious nod. At the opposite end there's a surprise as well – Toyota and Lexus remain the most reliable brands on the market, but Buick cracked the top three. That's up from seventh last year, and the first time for an American brand to stand on the Consumer Reports podium. Mazda's entire lineup earned Recommended checks as well. Consumer Reports dinged the Civic for its "infuriating" touch-screen radio, lack of driver lumbar adjustability, the limited selection of cars on dealer lots fitted with Honda's popular Sensing system, and the company's decision to offer LaneWatch instead of a full-tilt blind-spot monitoring system. Its score? A lowly 58. The Civic isn't the only surprise drop from CR's Recommended ranks. The Audi A3, Ford F-150, Subaru WRX/STI, and Volkswagen Jetta, GTI, and Passat all lost the Consumer Reports' checkmark. On the flipside, a number of popular vehicles graduated to the Recommended ranks, including the BMW X5, Chevrolet Camaro, Corvette, and Cruze, Hyundai Santa Fe, Porsche Macan, and Tesla Model S. Perhaps the biggest surprise is the hilariously recall-prone Ford Escape getting a Recommended check – considering the popularity of Ford's small crossover, this is likely a coup for the brand, as it puts the Escape on a level playing field with the Recommended Toyota RAV4, Honda CR-V, and Nissan Rogue. While Ford is probably happy to see CR promote the Escape, the list wasn't as kind for every brand. For example, of the entire Fiat Chrysler Automobiles catalog, the ancient Chrysler 300 was the only car to score a check – there wasn't a single Dodge, Fiat, Jeep, Maserati, or Ram on the list. That hurts. FCA isn't alone at the low end, either. GMC, Jaguar Land Rover, Mini, and Mitsubishi don't have a vehicle on CR's list between them, while brands like Mercedes-Benz, Volvo, Nissan, Lincoln, Infiniti, and Cadillac only have a few models each. You can check out Consumer Reports entire reliability roundup, even without a subscription, here.