U.S., Jan. 8 -- Following approval from regulators to merge their "mobility" services, BMW and Daimler are set to partner on delivering an increasingly agile, digitised, multi-modal transportation.

Competition to deliver cost-competitive, high end products and services across the automotive sector continues to grow apace, leading to greater collaboration to bring shared advantages and increased speed to market. The collaboration between Daimler and BMW will also lead to the transformation of parking and electric car-charging services. The urban mobility market could reach a value of $25bn by 2024, according to a Navigant report.

"Our vision is to create a major global player for seamless and intelligent connected mobility services togethe...