BMW and Mercedes-Benz combine mobility services units

BMW and Mercedes-Benz are the second pair of automakers to confirm a partnership this week, after Ford and Volkswagen announced they will work together on utes and vans. The companies announced their intent to combine mobility divisions last year, but approval from anti-trust regulators has only just come through. Daimler, parent of Mercedes-Benz and Smart, and BMW expect to complete dotting their Is and crossing their Ts for the new 50/50 joint venture by the end of month.