car sharing News

Auto Insurance Market to Shrink 60% by 2040: KPMG

By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …

‘Ridesharing’ a Climate Change Solution around the Corner

The solution to reducing carbon emissions may be just around the corner. Car sharing can reduce gas consumption and could ultimately help in the battle to curb climate change, according to a Natural Resources Defense Council director, who maintains that …

San Francisco’s Car-Sharing Taxi Services Flourish Despite Regulators

Two San Francisco-based car-sharing services, including one founded by Zynga Inc. director Sunil Paul, are operating in defiance of California authorities, highlighting how regulators are struggling with a wave of start-ups that encourage people to share everything from cars to …

GM’s OnStar Car Owners Now Able to Rent Out Their Vehicles

General Motors is joining the sharing economy. General Motors announced that its OnStar subscribers can now rent out their idle vehicles through the RelayRides car sharing service, leveraging OnStar connectivity already active in their vehicles to potentially earn money to …