General Motors Jumps Into Peer-To-Peer Car Sharing (7-24-18)

Helen H. Richardson | The Denver Post | Getty Images. A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver.

Looking to make money renting out your car or truck?

General Motors thinks a lot of people are interested in making cash off their car, which is why the automaker announced Tuesday it is launching a peer-to-peer car-share business.

The business will operate under the company’s Maven brand, which already has a more traditional car-share business in several cities and more than 150,000 users.

For GM, expanding into peer-to-peer car sharing is the latest move to develop new revenue streams and business lines to complement the company’s core business, which is selling new vehicles.

Read Full Story Here (via CNBC)