PSA’s Free2Move can now seek to look for new investors, says CEO

free2move logo

Free2Move, the car rental and car-sharing business developed by PSA Group, now has the capacity to begin to seek new outside investors, its chief executive Brigitte Courtehoux said. Started as a brand in 2016, the business became a fully-fledged legal entity within the Peugeot owning-group previous week. It provides a range of so-called mobility services, […]

Lyft announces car rental service within its main app

Lyft car sharing

Lyft stated on Thursday that it’s launching a car rental service, which will allow customers to rent a vehicle without needing them to go to the counter.  Shares of Hertz and Avis dropped following the news. “With Lyft Rentals, we’re giving riders the flexibility to rent a car for weekend getaways, business trips, or even to run errands,” Lyft […]

Uber nears deal for self-driving car simulation startup Foresight

Uber Technologies Inc

Uber Technologies Inc is nearing a deal to acquire Foresight, a startup that develops simulation software, The Information reported on Monday mentioning a source knowledgeable with the matter. The report provided no details of the deal terms but said the price mostly covered the cost of hiring the team behind the Silicon Valley-based company that […]

Sixt CEO signals car-sharing merger talks of BMW and Daimler

Sixt rent a car logo

German automakers Daimler and BMW could be in talks to integrate their car-sharing services Car2Go and DriveNow, the CEO of automobile rental company and DriveNow partner Sixt hinted. Daimler and BMW have talked about pooling their car-sharing services to better contend against ride-hailing business like Uber and Lyft which have begun providing pay-per-use mobility services […]

Nissan to release localised car-sharing scheme

Nissan Micra Gen5 images

Participants to be matched with neighbors to club along to purchase a shared car Nissan will release a brand-new car-sharing plan that utilizes social networks posts to determine motoring practices and link prospective motorists into localized car-ownership clubs, in the Japanese automaker’s very first significant venture into the sector. Automobile makers are progressively relying on vehicle services, […]