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German automotive giants Daimler and BMW said Wednesday they reached agreement on bringing car-sharing services Car2Go and DriveNow under one roof to create a European behemoth with around 4 million users to take on competitors such as Uber.

"We will not leave the task of shaping the future of urban mobility to others," Daimler CEO Dieter Zetsche said of the planned merger, which still requires approval from competition authorities.

"Both automotive manufacturers aim to shape the mobility of the future with this move, but will remain competitors in their respective core businesses."