Vehicle sales that seem to be peaking and technological advances have led the company to think outside the box, and that's inspired thoughts that the auto giant is transitioning from manufacturer to mobility provider.
Maven has been running a vehicle rental program in select cities across North America, with Toronto being the only included Canadian city.
According to Bloomberg, GM will do a pilot program this summer that will allow them to rent out their vehicles for personal use through Maven.
Just like Uber revolutionized the ridesharing industry and Airbnb revolutionized the hospitality industry, General Motors is now hoping to revolutionize the vehicle rental industry.
A spokesman for Detroit-based GM declined to comment.
Dion Lewis Drawing Interest From Eight Teams Lewis, who played college football at Pittsburgh, was a fifth-round draft pick by the Philadelphia Eagles in 2011. Ian Rapoport of NFL Network adds that the deal will pay Lewis like "a Top 10 running back in the NFL".
This summer Maven will start testing a new peer-to-peer car-sharing option that will allow users to add cars to Maven's platform for other drivers to rent.
Start-ups Turo and Getaround are two bigger names in the space, although GM dwarfs both upstarts with its market value of nearly US$53 billion. Turo has about 5 million users signed up, with 200,000 cars available to rent. Carmakers can make this model work because they have huge networks of vehicle owners, he said.
Tesla Inc has hinted at a peer-to-peer sharing network, although the vision CEO Elon Musk laid out in July 2016 alludes to a service using fully self-driving cars. Tesla CEO Elon Musk has also expressed interest in the idea which he believes will "dramatically [lower] the true cost of ownership to the point where nearly anyone could own a Tesla". Cities like San Francisco are also pursuing legal action to regulate such companies. Cruise Automation, GM's driverless auto unit, has said it will test self-driving cars in New York City this year.
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. GM hasn't yet decided whether to use Cruise's app, a new invention or a partner like Lyft for the planned autonomous-ride business or if they would use Maven or another marketing name, the people said.
It was a major point of contention when the Packers switched general managers and put Brian Gutekunst in charge this offseason. The longtime Jet recorded just eight sacks in the past two seasons, and he struggled to consistently generate pressure.
It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 62 funds opened positions while 102 raised stakes. ValuEngine downgraded Bank of America from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th.
Microsoft Corporation ( MSFT ) have shown a high EPS growth of 6.30% in the last 5 years and has earnings rose of 29.10% yoy. ValuEngine raised shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Sunday, December 31st.
Plenty of teams will look to trade up for a quarterback, including the Buffalo Bills at 12 and the Arizona Cardinals at 15. McCown started 13 games for the Jets in 2017, throwing for 2,926 yards with 18 touchdowns and nine interceptions.
The stock of Exxon Mobil Corporation (NYSE: XOM ) earned "Overweight" rating by Barclays Capital on Tuesday, October 10. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.
As Mary Kay Cabot of Cleveland.com noted, Thomas, 33, has yet to inform the Browns if he will play in 2018 or retire. Teams across the league are using the in-between period to pursue the Patriots' unrestricted free agents.
The service also features ad-free streams, exclusive chat emotes, and free in-game cosmetics and loot. So if you aren't a Twitch Prime member yet, perhaps now might be a good time to consider signing up.
Prior to the 2016-17 season, the Eagles and Johnson agreed to a six-year, $63 million contract with over $35 million guaranteed. Philly drafted him in the fifth round in 2007 and spent his entire 11-year National Football League career with the team.
Currently, the stock carries a price to earnings ratio of 6.64, a price to book ratio of 0.68, and a price to sales ratio of 1.93. According to their observations and findings, the stock could provide a high EPS of $0.51/share and a low EPS of $0.38/share.
The Warriors are banged up right now, but some good news comes in the form of a relatively lighter schedule in the week ahead. That's right, on March 14 Curry will have his birthday on the same night that his team takes on the Los Angeles Lakers .
Consumers can ask Google assistant to check the weather, control smart home devices, cast content to TVs via Chromecast and more. This update is merely for the app shortcut listing on the Google Play Store , bringing the APK's minimum API level down to 21.
How Home-based Business Can Benefit from Coworking Spaces
More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.
Don't believe the hype about the coming solar storm
They have been fairly common as of late, with the March 18 storm being the third already in 2018, but some are larger than others. However, the activity should be nothing more than a minor storm, as NOAA's readings show comparable readings.
Jets to Target Bridgewater if Cousins Likes Vikes
Cousins, 29, has been one of the NFL's most productive quarterbacks since becoming Washington's full-time starter three years ago. But if it eventually happens, the day Cousins signed with the Vikings could be remembered as the moment that changed it all.
Suspect in Haley Anderson's Death Arrested in Nicaragua
Earlier this week, Binghamton Police said they believe Tercero had left on a flight from JFK in NY to Nicaragua last Friday. Her death was officially declared a homicide following an autopsy performed on March 10 at Lourdes Hospital in Binghamton.
Cyclone Linda forms off Queensland coast
The Bureau is due to release an updated surf warning by 11am and wind warning by 3.50pm. Unsafe waves of up to four metres are likely for the state's southeast tomorrow.
Sirius XM (NASDAQ:SIRI) Earns Media Impact Rating of 0.10
The stock has a market capitalization of $29,380.00, a price-to-earnings ratio of 47.14, a P/E/G ratio of 1.83 and a beta of 1.10. OllieÂ's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. (SIRI) opened at $6.54 on Friday.
Harry Kane facing six-week layoff
Kane got his foot caught under goalkeeper Asmir Begovic after half hour at Bournemouth and had to be taken off. Tottenham return to action against Swansea in the FA Cup at the weekend without their talisman.
Federer wins, 'weird' loss for Djokovic
Moreover, Djokovic was handed just his fifth defeat to a player outside the Top 100 of the ATP Rankings in the past decade. Once the third set began, it didn't take long for most observers to realize that it was Daniel's match to lose.
The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.
Money Saving Tips for Business Owners
JJBender.com is a trustworthy and reputable source of used office equipment that offers a wide variety of products. And in today’s economy, every small business owner is looking for ways to save money and reduce expenses.