BMW Group Announces Launch of ParkNow Mobile Parking Service and DetailsDriveNow Car-Sharing Service, Featuring 70 All-Electric BMW ActiveE Vehicles, in San Francisco

San Francisco, C.A. – August 20, 2012… At a press conference with San Francisco Mayor Ed Lee, BMW Group Member of the Board Dr. Ian Robertson today announced the upcoming launch of ParkNow, an innovative mobile parking solution that is a joint venture with Urban Mobility, and provided new details about DriveNow, a unique premium car-sharing service which features a fleet of BMW ActiveE all-electric vehicles. San Francisco serves as the initial U.S. market for each service.

San Francisco is at the forefront of cities working to develop and implement innovative approaches to urban challenges, including traffic congestion and the need for smarter, greener parking systems. There are an estimated 505,000 vehicles in San Francisco, yet only 448,000 parking spaces available at any given time. On weekdays, the total vehicle population increases by approximately 35,000. An estimated one-third of all downtown traffic on weekdays is due to vehicles searching for a parking spot.

"The BMW Group is more than a premium car company, it is also focused on developing and delivering new services to help meet the increasing need for flexible mobility solutions in our cities," said Dr. Robertson. "The premium car-sharing service DriveNow and parking solution ParkNow will help meet that demand in San Francisco and, ultimately, in other cities. Our introduction of these services in San Francisco represents BMW's commitment to encouraging the development of new mobility options that will reduce emissions and congestion and improve the quality of life for San Franciscans."

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