GM shuts down Maven car-sharing service, citing coronavirus [Toronto Globe and Mail (Ontario, Canada)]
Lyft, Inc. - Class A (LYFT)
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Source: Toronto Globe and Mail
GM shuts down Maven car-sharing service, citing coronavirus A Maven decal is displayed on a GM vehicle in Ann Arbor, Mich., on April 27, 2016. Paul Sancya/The Associated Press A Maven decal is displayed on a GM vehicle in Ann Arbor, Mich., on April 27, 2016. General Motors Co said on Tuesday it is shutting down its Maven car-sharing unit, after suspending operations because of the novel coronavirus. The automaker said it would transfer Maven assets and resources to its Global Innovation group. Maven had never gained much traction since it was introduced in Ann Arbor, Mich., in January 2016. Launched when Dan Ammann was GM’s president, Maven had a short-lived strategic alliance with ride services startup Lyft. Ammann is now chief executive officer of Cruise, the San Francisco self-driving startup that GM acquired under Ammann’s aegis in early 2016 just after launching Maven. Julia Steyn, the first head of Maven, left GM in 2019. She is chief executive officer of Bolt Mobility, an e-
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