Stellantis Buys Car-Sharing Business as BMW, Mercedes Take Different Route

A sharing bike lies in front of an office of the car-sharing company SHARE NOW, following the COVID-19 outbreak in the Kreuzberg district of Berlin, Germany, on March 20, 2020. Axel Schmidt/Reuters

FRANKFURT/MILAN—Stellantis has agreed to buy the Share Now car sharing business from BMW and Mercedes-Benz as the two German groups focus more on the software part of their mobility alliance.

Formed last year through the merger of Fiat Chrysler and Peugeot maker PSA, Stellantis wants to become a global leader in car-sharing, using this acquisition announced on Tuesday to expand its existing business in the area.