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BMW, Mercedes, selling car-sharing business to Stellantis

Brigitte Courtehoux, who heads Stellantis’ mobility division Free2move, said the deal was part of the group’s plans to grow net revenue from that business to 700 million euros ($735 million) in 2025 and to 2.8 billion euros in 2030, up from 40 million euros last year.

“We will really accelerate in terms of revenue,” she said.

Stellantis will strengthen its mobility division Free2move via the deal, hoping a global push to cut emissions will also drive demand for car-sharing and open new profit streams.

Over the next decade, Stellantis intends to expand Free2move’s presence worldwide, growing it to 15 million active users.

The targets come a little more than a year after the merger of Fiat Chrysler and PSA Group to form a sprawling manufacturer of 14 brands with nameplates such as Jeep, Peugeot and Fiat to add scale in the EV and autonomous driving shift.

The sale marks another step in reshaping mobility offerings for BMW and…

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