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BMW, Daimler Close To Combining Car Services

German carmakers Daimler and BMW are close to agreeing to combine their car-sharing services Car2Go and DriveNow. The merger talks are in the final stages and the combined company will be independently run, with BMW and Daimler as largest shareholders. The likely deal — first mooted more than a year ago — is seen as a way to help the German brands compete with the U.S.-based ride-hailing service Uber.

Read the whole story at US News & World Report »

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