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Two major car makers just out "Ubered" Uber.
Last year, Uber CEO Dara Khosrowshahi said he wanted the app to do it all: individual rides, carpools, food deliveries, electric bicycles, e-scooters, self-driving vehicles, and even flying taxis. He wanted Uber to become "the Amazon of transportation."
But on Friday, German companies Daimler (of Mercedes-Benz) and BMW announced they were investing 1 billion euros ($1.13 billion) to offer many of the same services.
SEE ALSO: After Uber bought Jump, people started riding bikes instead of ordering cars
Under the plan (which will initially focus on Europe, but could expand around the world), the two companies will combine existing services and companies with new transportation options. Read more...More about Uber, Mobility, Ride Hailing Apps, Bmw, and Daimler