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BMW's DriveNow carsharing arm now turning a profit

Carsharing venture DriveNow GmbH, owned by BMW and European rental company Sixt AG, is expected to be profitable this year, the first time that will happen since starting up two years ago. BMW hopes to overtake German rival Daimler (with Car2go) in this growing space as urban consumers become more interested in transportation alternatives like carsharing.

Car Sharing Has Become Big Business

Could this replace a new car for you?

Car sharing has become big business, and it is getting bigger and more competitive. The purchase by Avis/Budget of Zipcar for a reported $491 million is just the latest big name trying to share a piece of the car sharing pie.

Study
Is car sharing altruistic or practical?

So, what's the reason people get into carsharing? Is it a "romanticized view of access understood as a form of collaborative consumption and altruistically motivated"? Or is it more about practical realities – that car sharing is really about affordability and convenience?

Official
Calgary fastest growing market for Car2go carsharing

Daimler North America is finding there's a good deal of interest in carsharing in the Great White North. Turns out that Calgary, Alberta is the fastest-growing city so far for in the global Car2go network. Since launching on July 21, 2012, more than 15,000 people have signed up to become members and have taken more than 40,000 trips. To meet demand, car2go is adding 150 cars in Calgary, bringing the total number of Smart ForTwo cars available

Official
Car2go raises prices for U.S. carsharing network

Starting today, the cost to rent a Car2go vehicle in the U.S. goes up, just a tiny bit. The carsharing prices will go from 35 cents an hour to 38, from $12.99 an hour to $13.99 and from $64.99 to $72.99 per day. These new prices are in effect in all Car2go cities in North America and still include the traditional Car2go benefits of parking, fuel, maintenance and insurance.

In Detail: Austin Transportation Infrastructure

Austin, TX has always been known for great live music and delicious southern food. But as the town grows, it's becoming known for its smart transportation strategy. In this week's episode, we went to Austin to see what all the buzz about.

Car Sharing Site Getaround Gets A New Look

Car sharing network Getaround has just launched a refreshed site design that will make peer-to-peer car rentals even easier. Think of Getaround as the Airbnb of cars, a place where you can list or rent an insured ride at an hourly or daily rate.

In Detail: Study Abroad

A successful study abroad program means going overseas, learning from the locals, and bringing the lessons back home. We've been all over the world in search of the latest in transportation tech and we saw some things that might be beneficial here is the States. Let's take a look at a few of these worldly ideas and see if any lessons could be applied back home.

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