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The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

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Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

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A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
General Motors

General Motors Expands Car-Sharing to Los Angeles

By
Kirsten Korosec
Kirsten Korosec
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By
Kirsten Korosec
Kirsten Korosec
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October 28, 2016, 12:00 AM ET
Motor City Mobility
This Wednesday, April 27, 2016, photo, shows a smartphone displaying the Maven app, a General Motors car-sharing service, in Ann Arbor, Mich. Automakers are reinventing themselves as "mobility" companies that can accommodate all the different ways people get around. Already this year, General Motors Co. has announced a long-term alliance with ride-hailing company Lyft and started a car-sharing service called Maven. (AP Photo/Paul Sancya)Paul Sancya — AP
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General Motors (GM) is expanding its car-sharing program to Los Angeles, the tenth city since launching less than a year ago.

The program, known as Maven, is really three car-sharing services in one: a city-based service that rents GM vehicles by the hour through an app, another for urban apartment dwellers, and a peer-to-peer sharing service called Express Drive.

Maven City, the on-demand hourly rental program, recently launched in San Francisco. Maven is also offered in Ann Arbor, Mich., Baltimore, Boston, Chicago, Detroit, New York City, and Washington, D.C.

More than 11,000 members have driven 23 million miles on the Maven platform through more than 12,000 reservations, according to the company.

How General Motors Competes With Uber and Zipcar

Maven will kick off in Los Angeles with 60 vehicles initially located at more than 24 sites throughout the city. Cars will be located in downtown LA, and the Little Tokyo and South Park neighborhoods. Other car rental stations will be near the University of Southern California including four cars at University Gat

Pricing starts at $8 an hour, which includes fuel and insurance costs. There is no monthly or application fee for Maven City members, according to the company. The car-sharing fleet will include a variety of GM vehicles including Chevrolet Cruze, Malibu, Tahoe, and plug-in hybrid Volt as well as the GMC Acadia and Yukon. Luxury Cadillacs such as the ATS, CTS, CT6, XT5, and Escalade will also be available.

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By Kirsten Korosec
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