General Motors reportedly will launch a peer-to-peer car-sharing business


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General Motors is preparing to launch its own peer-to-peer car-sharing service this summer, according to Bloomberg. Car owners can list and rent out their own personal cars when they aren’t using them, much like Airbnb users do with their homes and apartments. It’s another sign of the auto industry exploring new ventures as it seeks to insulate itself from changes in vehicle ownership models.

The new peer-to-peer rental service would most likely be launched by Maven, GM’s car-sharing spinoff that’s available in 10 cities across the US. Maven rents cars that it owns to users on a short-term basis. It also has a side business called Maven Gig, through which it lends vehicles to people who want to earn money driving for ride-hail companies...

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