BMW and Daimler will spend over $1 billion on the future of transportation

BMW and Daimler, two giants in the automobile sector, are pooling their resources in a joint mobility effort that spans autonomous cars, ride-hailing, electric scooters, car-sharing, and electric car charging. The two companies announced on Friday that their intention is to spend $1.13 billion on the venture, an eye-popping sum designed to make the rest of the industry sit up and take notice.

https://www.theverge.com/2019/2/22/18235941/daimler-bmw-mobility-joint-venture-billion-dollars