BMW and Daimler said Wednesday they plan to exit the North American car-sharing market, with the joint venture partners halting operations in Montreal, New York, Seattle, Washington DC and Vancouver, as they focus on the European market.

SHARE NOW and its Car2Go unit, a joint venture of the two German automakers, are ending operations on Feb 29 in the United States and Canada, citing the "volatile state of the global mobility landscape", and the costs of operating in North America.