Daimler acquired Chauffeur Prive ride-hailing app

Daimler AG acquired the Chauffeur Prive app. The Stuttgart auto giant bought a majority share of the French ride-hailing that became Uber's main rival in the country. Daimler and Chauffeur Prive announced the deal but they did not disclose the amount of money.

Chauffeur Prive was established in 2011 that it already has more than 1.5 million subscribers and has access to 18,000 drivers. Traditional car makers are looking for the best way to build new technologies ranging from electric vehicles to autonomous vehicles.

Daimler has made an effort into the mobility industry through a ride-hailing business that uses mobile apps. In June, Daimler is rumored to invest money into Careem is a ride-hailing startup that controls the Middle East and North Africa markets.

Earlier this month, Renault bought a stake in a glossy magazine publishing group as part of a strategy to see how travelers entertained in an era of self-driving cars. Renault is Daimler's strong rival in the development of electric vehicles and autonomous cars.