General Motors is expected to begin a pilot program as early as summer that will allow car owners to rent out their vehicles when they are not in a use, according to reports that have not yet been made public by the motor giant. The pilot will be rolled out through GM’s Maven car-sharing program that will let GM owners to place their cars on the Maven platform. Then, users can search for nearby vehicles ready to be used.
According to Bloomberg:
The pilot -- which GM will try to grow into a full-fledged business if it’s successful -- could mark another step forward in GM’s transition from manufacturer to mobility provider. After GM’s stock stagnated for years as investors fretted over peaking car sales and Silicon Valley’s offensive on the auto industry, the shares rose to a record high in October as its self-driving car plans and services like Maven gained traction with investors.
GM’s Maven program already is well established and lends out a fleet of cars that are owned by the company.
No official word has been released from GM though insiders say a big announcement is planned soon.