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Stellantis Is Selling The Car-Sharing Brand You Probably Forgot It Owned
['Michael Gauthier']
Car News - Latest Automotive News & Car Reviews | Carscoops
Free2move is being sold to Mutares as the automaker wants to focus on things that can deliver stronger returnsStellantis is selling Free2move to Mutares.
Turo was gaining in popularity, so GM responded with their car-sharing platform known as Maven.
Stellantis didn’t say much about the move, but noted the transaction should be completed by the end of the year.
Mutares Chief Investment Officer Johannes Laumann remarked, “Free2move’s car-sharing business combines a strong, internationally recognized brand with clear potential for operational improvement following an intended carve-out from Stellantis.
While Free2move isn’t widely known, the firm offers car-sharing, car rentals, and parking.