BMW, Daimler ride-hailing venture steps up Uber challenge
FreeNow, the ride-hailing venture owned by Daimler and BMW, expects to double revenue this year and next in a fresh challenge to Uber in Europe and Latin America. FreeNow's so-called gross merchandise volume, which mirrors revenue, is forecast to reach about 2.4 billion euros ($2.7 billion) in 2019, CEO Marc Berg said in an interview. "We know it is aggressive and really ambitious, but we want to double our revenue again next year while further improving our profitability," B