Penske is getting into the car-sharing business, starting with Washington, DC

Penske is getting into the car-sharing business, starting with Washington, DC

4 years ago
Anonymous $xdcOWPpsb_

https://techcrunch.com/2019/10/22/penske-is-getting-into-the-car-sharing-business-starting-with-washington-d-c/

Transportation services giant Penske Corp. is backing a new car-sharing service called Penske Dash that launched Tuesday in Washington, D.C. and Arlington, Va.

The service is debuting at an awkward time for the industry. While some car-sharing operations, particularly peer-to-peer services, have expanded, others have struggled in the past year. GM’s Maven, BMW’s ReachNow, Car2Go and Lime are among the car-sharing companies that have scaled back or closed their businesses altogether.