Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Daimler-BMW mobility venture aims to be global player: Daimler CFO

FILE PHOTO - Bodo Uebber, CFO of Daimler AG attends the car maker's annual news conference in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle

STUTTGART (Reuters) - Daimler and BMW's new joint mobility services division aims to become a global player through both organic growth and acquisitions, Daimler Chief Financial Officer Bodo Uebber said on Thursday.

"We want to grow significantly and we are in a position to handle large acquisitions," Uebber said.

The two leading German luxury carmakers unveiled plans on Wednesday to combine their businesses in new services such as car-sharing and electric vehicle charging to compete with Uber [UBER.UL] in the United States and Didi Chuxing in China.

They will each hold half of a new joint venture company, which Daimler's Uebber said was likely to be headquartered in Germany.

He said that Daimler and BMW's financial strength could help the venture fund takeovers but said they were also open to adding new partners.

The idea of listing the new company is currently not in focus, Uebber said, saying the main priority was for now to close the deal.

(Reporting by Edward Taylor; Editing by Maria Sheahan)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.