General Motors first major automaker to embrace peer-to-peer car sharing
|
The company confirmed on Tuesday (24 July) that it will be launching a scheme to enable customers to make money off their cars.
An app, called the Maven sharing app, will enable customers who own a 2015 or newer GM car to offer their vehicle out for rent.
The new software will then allow pre-approved car-share users to loan the vehicle for a period of time with car owners subsequently receiving 60 pct of the total revenue in return.
GM anticipates customers could trade up to more expensive vehicles as they will be able to earn money from the vehicle whilst not using it.
Julia Steyn, Vice President of General Motors urban mobility and Maven, said: “If you want to have access to a car, you have access to a car.
“So, I believe this is just expanding our opportunity to provide consumers what they want.”
It has been found that the biggest car-sharing companies in the US are currently Turo and Getaround, however, GM will become the first automaker to embrace the peer-to-peer car sharing market.
See also
Government tightens vessel control to fight IUU fishing
07:00 | 20/05/2024 Society
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Central Highlands to become renewable energy hub
08:58 | 13/05/2024 Society
Hà Nội needs more than $55 billlion for urban railway network
06:00 | 11/05/2024 Metropolis
See more news
Major measures to develop Southeastern region
08:57 | 10/05/2024 Society
Việt Nam has completed a first-time liver transplant for an acute liver failure patient
06:00 | 10/05/2024 Society
Government approves the Red River Delta Region Master Plan
06:00 | 09/05/2024 Society
Bình Thuận works to stop fishing vessels from infringing on foreign waters
06:00 | 08/05/2024 Province
Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer
06:00 | 07/05/2024 Society
HCM City works to put Metro Line No. 1 into operation soon
06:00 | 06/05/2024 Society
Online administrative procedures to be processed on one app only from July 1
08:49 | 04/05/2024 Society
Over 61,000 people visit President Ho Chi Minh mausoleum on national holidays
11:02 | 02/05/2024 Society
High-quality train service begins between HCM City and Đà Nẵng
10:11 | 01/05/2024 Society
French friend commemorated to mark 70 years since Dien Bien Phu Victory
10:24 | 30/04/2024 Society
Hà Nội calls for investments in six urban areas projects
10:00 | 20/05/2024 Economy
Vietnam, France look to boost economic partnership
09:40 | 20/05/2024 Vietnam and EU
Central bank to inspect gold trading activities
09:17 | 20/05/2024 Finance-Banking
Northern provinces need greater cooperation across industrial and trade sectors
08:22 | 20/05/2024 News and Events
VEPR forecasts Vietnamese economy growth at below 6 percent
08:00 | 20/05/2024 Economy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
Vietnamese steel affirms position in world market
07:00 | 20/05/2024 Industry
Concerted efforts to reduce manufacturing inventory
06:00 | 20/05/2024 Industry
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Central bank to inspect gold trading activities
09:17 | 20/05/2024 Finance-Banking
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Science-technology - foundation for nation’s development PM
06:00 | 16/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
Government tightens vessel control to fight IUU fishing
07:00 | 20/05/2024 Society
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism