Where car sharing once resembled a rent-by-the-hour system that was a more decentralized version of the traditional car rental, it has now become a ubiquitous system that includes shared use and even cars that drive themselves.
Ordering 100,000 Teslas and striking deals with Uber and Carvana repositions Hertz in the middle of what it terms the “modern mobility system,” a significant shift from its traditional business model.
Speculation about a spin-off of the electric vehicle-battery portion of General Motors into a separate company was muted by three actions this week that not only boosted the EV side of GM’s business, but bolstered the company’s overall standing.
Tesla isn’t likely to succeed in the ride-hailing market, and fighting what is sure to be an uphill battle is an expensive proposition.
Maven, which has the three-pronged mission of creating a car-sharing service (for cities, residential communities or commercial entities) while also developing what it calls a “mobility platform” (Maven Gig) that provides short-term car rentals to individuals engaged in the new gig economy.