New investors are eyeing German car-sharing
2022.11.27 07:55
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New investors are eyeing German car-sharing
Budrigannews.com – Credit Agricole, a bank in France (OTC:) An executive told the trade publication Automobilwoche that is weighing plans to offer car-sharing financial services in Germany because the expanding market offers opportunities to challenge incumbent players.
The consumer finance division of the French bank has been working hard to boost mobility-related revenue from its existing car financing and rental services, as well as from its car leasing joint venture with Stellantis and other partnerships.
“We are testing car sharing in French towns with fewer than 30,000 people.The head of Credit Agricole’s consumer finance unit, Stephane Priami, was quoted as saying, “If that succeeds, we will take the concept also to Germany.”
The thought was to zero in on towns inside driving distance of bigger urban communities to put them accessible for clients without a vehicle, he added.
Volkswagen (ETR:) is changing the car-sharing market in Germany through membership.WeShare, a car-sharing service powered entirely by electricity, is being sold to Berlin-based Miles Mobility.
Stellantis acquired the car-sharing business Share Now from Mercedes-Benz and BMW in Germany. Sixt, a car rental company, has expanded into car sharing.
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