June 14, 2016
By Michael Finn
An average car (click here) is unused 95 percent of the time and slowly becomes a depreciating asset. However, huge amount of money could be gained for the right business that can utilize these average cars. The brands Toyota, General Motors and Volkswagen are all in an investment race. The ride-and-share business is an incentive for car companies without the fear of non-dominant individual car ownership in the world of business.
Car business is greatly changing its judgement of investment value as told by Laura Lembke, Morgan Stanley analyst. Lembke stated that over 80 million international car sales can bring in $1.5 million, Japan Today reported. One billion of these vehicles are a total of existing stocks, while the average cost of a mile in a trip is $1 - an estimated $10 trillion is the potential market value. This helps explain the evaluations on apps car sharing services like Uber, which is valued at $62.5 billion. A huge amount compared with the world's third top-selling auto manufacturer General Motors....
March 24, 2011
By Horatiu Boeriu
The BMW Group and Sixt AG (click here) are planning a unique and innovative car sharing venture. With effect from April 2011 onwards – initially in Munich and later in Berlin – the two companies intend to join forces in offering a modern mobility concept under the brand-name DriveNow; this new product will combine vehicles and service of the highest quality with simple, flexible usage.
DriveNow is the first car sharing concept to place an emphasis on efficient premium vehicles and comprehensive service. Vehicles may be hired and dropped off wherever the customer needs them, thus clearly differentiating DriveNow from products offered by other competitors....
