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Daimler, BMW merge mobility operations with $1.1B investment

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BMW Group CEO Harald Krüger (left) and Daimler CEO Dieter ZetscheGerman rivals BMW and Daimler said Friday that they've merged their car-share operations in a bid to challenge Lyft, Uber, and others in the burgeoning mobility sector. BMW and Daimler, which owns Mercedes-Benz, invest $1.1 billion combined into the joint venture. The cooperation is organized into five global units: Reach Now, Charge Now, Park...

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