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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:
2015 BMW M4 Convertible is here to put wind in your sails
Thu, 03 Apr 2014Each generation of the BMW M3 has included a convertible model. Even the distant E30, the patriarch of the M3 line, had an ultra-rare (only 787 were built) droptop model. The convertible became more common on the successive generations, with the hardtop-convertible E93 being the most recent. Considering this history, there seemed very little doubt that as the M3 became the M4, a convertible would be in the cards. Now, the new droptop has arrived.
Set for its global debut at the 2014 New York Auto Show, the 2015 BMW M4 Convertible features, like its forbearers, everything that's great about the hardtop variant while adding an unlimited amount of head room. That means the same 3.0-liter, 425-horsepower, 406-pound-foot, twin-turbocharged straight six sits under its domed hood, while either a six-speed stick or a seven-speed M dual-clutch transmission dispatches power to the fat rear tires.
As for specific differences between the hardtop and the new convertible, obviously, the droptop is heavier. A lot heavier. Where an M4 with a six-speed manual tips the scales at 3,530 pounds, the M4 Convertible weighs in at 4,055 pounds. Believe it or not, BMW has actually trimmed 90 pounds from the last-generation M3 convertible, code-named E93. This marginal weight reduction from the third-generation convertible to the fourth is barely half of the 174 pounds BMW was able to subtract when transitioning from M3 Coupe to M4 Coupe.
Permanent erection lawsuit against BMW thrown out
Wed, 19 Mar 2014The California man who claimed that he suffered from a 20-month erection after a four-hour ride on his BMW K1100RS motorcycle (similar model pictured above) has had his case dismissed. It seems the court found his claims too hard to believe.
Henry Wolf filed a product liability lawsuit against BMW and seatmaker Corbin-Pacific in the California Superior Court in April 2012 after he claimed a motorcycle ride in September 2010 caused a long-term case of priapism from the "ridge-like" saddle design. He asked for compensation for lost wages, medical expenses and emotional distress from both companies.
Nearly two years later, according to Visor Down, Judge James J. McBride decided that the case didn't have enough supporting evidence. A urologist testified that the plaintiff had priapism, but the court rejected the testimony of a neurologist who claimed the motorcycle's vibration caused the disorder. The defendants presented testimony from the bike's former and subsequent owners. Corbin-Pacific CEO Mike Corbin also spoke in the company's defense.