GM working on 'Airbnb for your car,' sources say

14 March, 2018, 00:59 | Author: Regina Silva
  • GM working on 'Airbnb for your car,' sources say

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".

Stormy Daniels offers to return Trump affair hush money
Clifford could be subjected to a $1 million penalty if she broke the nondisclosure agreement she signed. Daniels has been interviewed by CBS' " 60 minutes ", which has not set a date for the segment to run.


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 ).


Lil Yachty cast as Green Lantern in Teen Titans Go! movie
But de facto leader Robin is determined to remedy the situation, and be seen as a star instead of a sidekick. It's a unusual move, but it should be noted that he is a massive Superman fan and even named his son Kal-El.


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.

Recommended:

  • Kirk Cousins likely to sign with Vikings

    Kirk Cousins likely to sign with Vikings

    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.
    Will Israeli Coalition Crisis Trigger Early Elections?

    Will Israeli Coalition Crisis Trigger Early Elections?

    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.
    Givenchy, French fashion icon, 'little black dress' designer, dies at 91

    Givenchy, French fashion icon, 'little black dress' designer, dies at 91

    The designer, who learnt his craft under Cristóbel Balenciaga, became a giant of the fashion world in every sense. His partner Philippe Venet, a former couture designer, confirmed the news.
  • Details of Bachchan family's assets worth INR 10 billion

    Details of Bachchan family's assets worth INR 10 billion

    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.
    Dan Gilroy & Jake Gyllenhaal's Netflix Film Sets Ensemble Cast

    Dan Gilroy & Jake Gyllenhaal's Netflix Film Sets Ensemble Cast

    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 .
    Monmouth County Sheriff Issues Tax Scam Alert

    Monmouth County Sheriff Issues Tax Scam Alert

    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.
  • Malcolm Butler Signing With Titans After Four Seasons With Patriots

    Malcolm Butler Signing With Titans After Four Seasons With Patriots

    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 .
    Drama over Rathwa's Rajya Sabha nomination ends with acceptance

    Drama over Rathwa's Rajya Sabha nomination ends with acceptance

    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.
    Philadelphia Eagles to add LB Corey Nelson, DT Haloti Ngata

    Philadelphia Eagles to add LB Corey Nelson, DT Haloti Ngata

    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.
  • Jeff Goldblum will help you build your own Jurassic Park this summer

    Jeff Goldblum will help you build your own Jurassic Park this summer

    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.
    Honda X-Blade 160 cc Motorcycle Launched In India, Priced At ₹ 78500

    Honda X-Blade 160 cc Motorcycle Launched In India, Priced At ₹ 78500

    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.
    Keenum Intends to Sign with Broncos

    Keenum Intends to Sign with Broncos

    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.


Popular

AMP Capital Investors Ltd Has $271.19 Million Position in Microsoft Co. (MSFT)
It is negative, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

Virginia's De'Andre Hunter To Miss NCAA Tournament With Broken Wrist
The loss of Hunter is a crushing blow to a Virginia team in the midst of one of the best seasons in school history. Look for center Jack Salt and forwards Isaiah Wilkins and Mamadi Diakite to absorb most of Hunter's playing time.

Colombia election: Right-wing parties opposed to FARC deal win support
He won an unexpectedly large victory over two more moderate rivals to become the candidate of the main right-wing coalition. He is in favor of the peace deal and is proposing a "social economy" for Colombia with increased taxes for the rich.

India's state-run banks rise on PNB compensation hopes, easing rate woes
The logo of Punjab National Bank (PNB) is seen on a branch office window in New Delhi , India, February 27, 2018. The CBI has also arrested officials of the Brady House branch of PNB for their alleged involvement in the fraud.

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.

Hasina Jahan makes fresh allegations: 'Mohammed Shami threatening me over phone'
The incident took place as the journalist was trying to get Hasin's reaction on one of the issues involving Mohammed Shami . While on the other hand, the fast bowler denied all the accusations and called them false and a conspiracy to defame him.

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.