Earlier this year, German automakers BMW and Daimler announced their intentions to merge the business units of their mobility services. Now, the pair are finally able to push ahead with the plans having received the final required green light from US competition authorities.

The joint venture, which each company will own 50 per cent of, will see the pair’s existing services in car sharing, ride-hailing, parking, charging, and multimodality combined. This means Moovel will be linked with ReachNow mobility services; Car2Go and DriveNow will be merged within car sharing; MyTaxi, Chauffeur Privé, Clever Taxi, and Beat will come together in ride-hailing; the ParkNow and Parkmobile parking services will join; and charging from ChargeNow and Digital Charging Solutions will become one entity.

With all necessary approval now received, BMW and Daimler hope to close the transaction by the end of January 2019. Once this is done, the pair say they will present their next steps for the new mobility company.