BMW takes over Sixt share of DriveNow

2:10 min

BMW Group has acquired the shares of car rental and mobility specialist Sixt in car-sharing programme DriveNow. The mobility joint venture will soon be wholly owned by BMW. The deal, which is subject to approval by anti-trust authorities (expected in Q2), fits with the vehicle manufacturing group's strategy to become a customer-centric mobility company, as stated in its corporate strategy NUMBER ONE > NEXT.

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