Maven, General Motors' mobility brand, on display in the front of the New York Stock Exchange Monday, May 15, 2017, in New York, New York.
GM's Maven division already provides vehicles to interested users in select areas, but those cars are wholly owned by GM and can only be borrowed in 28-day increments.
The Airbnb-like service for cars is scheduled to roll out this summer through Maven, GM's car-sharing service, according to a Bloomberg report on Tuesday.
The pilot-which GM will try to grow into a full-fledged business if it's successful-could mark another step forward in GM's transition from manufacturer to mobility provider.
A company spokesperson said there was nothing to announce at this time about peer-to-peer rentals, but didn't entirely reject the possibility either, instead saying, "Maven is always looking for ways to remove barriers to sharing".
Stock seeking Investors: Cabot Oil & Gas Corporation (COG)
Stelliam Investment Management Lp sold 1.29 million shares as Cabot Oil & Gas Corp (Call) ( COG)'s stock rose 1.60%. Legal And General Gru Incorporated Plc invested 0.04% of its portfolio in Cabot Oil & Gas Corporation (NYSE: COG ).
The car-sharing service project could mark another step forward in GM's transition from vehicle manufacturer to mobility provider.
The tests will begin in early summer through GM's Maven car-sharing unit, said the people, who asked not to be identified because the plans aren't public. The nation's largest automaker also plans to debut a self-driving Chevrolet Bolt without a steering wheel or pedals by 2019. As to the mechanics of the program, vehicle owners will share whatever revenue they earn from renters with GM. Maven Gig also lends cars to drivers working for companies, including Uber Technologies Inc, Lyft Inc and food delivery businesses.
Launching a peer-to-peer vehicle rental program would pit Maven against such startups as Turo, which counts Mercedes-Benz owner Daimler among its investors.
While peer-to-peer vehicle sharing is a relatively new, niche business, the number of people signed up on Turo's site has grown fivefold to nearly 5 million and its auto listings have tripled to 200,000 in the past two years.
Getaround raised US$45 million in April previous year, with Toyota Motor Corp among the companies buying in.
He may not be talked about a lot as a top corner in free agency, but whoever signs him will be getting a major steal. Which version of Case Keenum are the Denver Broncos going to get - the player who we saw in Houston and St.
Investigators last month recommended to prosecutors that Netanyahu be indicted in at least two corruption cases against him. Netanyahu would go on to study at MIT, serve in the Israeli army, and become Israel's longest-serving prime minister.
Now, the power couple has immovable assets worth INR4.60 billion, while their movable assets have risen to INR 5.40 billion. As the veteran actor, who got married to B-town Big B Amitabh Bachchan, has declared the assets worth Rs 1,000 crore.
Dyer is best known as Nancy on Netflix's hit series " Stranger Things " and is expected to return to the role for Season 3. Russo will be working with Gilroy and Gllyenhaal once again after her starring role in Nightcrawler .
In the first scenario, identity thieves file a fake tax return and have the refund deposited into your bank account. These aren't necessarily critical areas, but can save taxpayers money if they know certain tips and tricks.
Between those career landmarks, Butler started 54 of a possible 55 games and played more defensive snaps than any Patriots player. The Houston Texans are reportedly interested in bolstering their secondary through the addition of cornerback Malcolm Butler .
In terms of caste equation, the party has made a decision to field Naseer Hussain, a minority community leader from Ballari, L. The nomination of Independent Paresh Moolani was rejected since it was not backed by the statutory number of proposers.
More than $57 million of the Eagles' salary cap was dedicated to the defensive line for next season before the Ngata deal. In his career, Ngata has 31.5 career sacks and won a Super Bowl with the Baltimore Ravens in 2012.
Jurassic World Evolution is being made by Frontier Developments, the same studio behind Elite: Dangerous and Planet Coaster . It's been four years since theme park and luxury resort Jurassic World was destroyed by dinosaurs out of containment.
The X-Blade is powered by a 162.71-cc engine, which has been specifically created to deliver good low and mid-range performance. The CB Unicorn and the CB Hornet 160R have an option to be equipped with CBS, which the X-Blade misses out on.
ESPN first reported the news early Tuesday morning, with National Football League insider Ian Rapoport also reporting soon after. Keenum intends to sign with the Denver Broncos when free agency opens Wednesday, according to ESPN's Adam Schefter.
PIC says it will work with VBS curator
This resulted in a number of councils withdrawing more than R1bn from the bank , causing a serious liquidity crisis. When the municipalities asked for their money back, the bank was unable to pay it, he said.
Top Pick: Exact Sciences Cor (EXAS)
For shareholders, given the total diluted outstanding shares of 119.22 million, this means overall earnings per share of -0.23. The medical research company reported ($0.18) EPS for the quarter, topping the Zacks' consensus estimate of ($0.27) by $0.09.
Dog dies on flight after being put into overhead bin
Maggie Gremminger, a passenger on the plane, told People Magazine that the pet owner was travelling with a young girl and a baby. In a statement to Newsweek , United Airlines said it took "full responsibility" for the pug's death and are investigating.
Monroe County Under Winter Weather Advisory As Storm Approaches
Snowfall picked up before 8 a.m.in the Boston area, and the heaviest bands of snow are expected to continue through mid-afternoon. Frank said this will affect your commute Tuesday morning, as up to three inches of snow could be falling per hour at that time.
Heavy rain and snow on the way this week
Rain and snow amounts look to be on par with the first system, but snow totals will be higher due to the lower snow level. Northwest winds will be 5 to 10 mph, increasing west to 15 to 20 mph with gusts up to 30 mph in the afternoon.