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Berlin — German car makers Daimler and BMW unveiled a joint ride-hailing, parking and electric-car charging business on Friday to compete with mobility services provided by Uber and other tech firms. The luxury car firms said they would invest more than €1bn ($1.13bn) to expand the joint venture, shifting beyond manufacturing and car sales towards pay-per-minute or pay-per-mile/kilometre systems. Consultancy PwC has said car makers face marginalisation by cash-rich tech firms unless they develop services based on vehicle usage. Established ride-hailing firms have been expanding. China’s Didi Chuxing aims to build its business in Latin America and Uber is gaining a stranglehold on its US market. “Further co-operation with other providers, including stakes in start-ups and established players, are also a possible option,” Daimler’s CEO Dieter Zetsche said. Daimler’s Car2go car-sharing brand will be combined with BMW’s DriveNow, ParkNow and ChargeNow businesses, with both car makers ho...

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