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Sixt Says BMW Car-Sharing Profitable in Most Communities

Sixt SE, Germany’s biggest auto-rental company, said its car-sharing venture with Bayerische Motoren Werke AG is profitable in cities where it’s been operating for more than a year as sign-ups exceed forecasts.

“We’ve been surprised about the explosion of new subscriptions, which has helped boost revenue,” Erich Sixt, chief executive officer of the Pullach-based company, said today on a conference call with reporters.