Turo car sharing service News

Car Sharing Lobbyists Battle Car Renting Lobbyists, Driving State Lawmakers Crazy

The bill that turned Illinois into the focal point of a bitter debate over car-sharing last year started as a proposal about what happens when a rental car is stolen. The legislation, which would allow rental companies to punish customers …

Turning Sharing Into a Sales Pitch for Pricier New Cars

The ability to rent his car to strangers for cash convinced Trevor Davis, a high-school teacher in Dallas, to buy a brand-new Honda Civic instead of a used car. “I was going to get something real cheap, an inexpensive second …

Liberty Mutual’s Venture Capital Unit Backs Car-Sharing Startup

Liberty Mutual’s venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual Strategic Ventures, said he sees solid business opportunities within Turo’s concept. …