Peugeot Returns To The U.S. After More Than Two Decades As Car-Sharing Service; Save Upto 50% off!

Peugeot is reportedly resuming its business in the U.S. after more than two decades. Apparently, its parent PSA Group has announced its investment to do car-sharing service in the States beginning in April.

PSA Group has made a $16 million investment to a car-sharing service TravelCar. The investment was made possible through a partnership with MAIF, an insurance company based in France.

TravelCar is set to launch its operations in the U.S. in the states of Los Angeles and San Francisco in April. The company is quite young as it has only started doing business in France in 2012. However, the company is already considered a huge company as it boasts of its 300,000 users across 10 European countries where they are currently doing business.

Soon, TravelCar operations will debut in the airports of Los Angeles and San Francisco. The car-sharing service gives car owners the opportunity to earn while traveling. The company will rent out their cars while they are traveling, Autoblog reported.

The car-sharing service offers three kinds of services, two for the car owners and one for the renter. Interestingly, car owners who will participate will earn and save at the same time.

Car owners who enlist their cars to be rented out will be entitled to a free parking at the airport while the unit is being used in the service. Aside from the savings at the airport parking, the car owners will also get to earn through the car-rental service fee.

Best Car awards in France from @LAutomobileMag:
- #Peugeot308 for the 4th consecutive year!
- #SUVPeugeot3008
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With regard to the renter, they can benefit from the huge savings they can get with the promising rates of the company. Compared to the other car-rental companies, TravelCar offers about half the price of the current car-rental fees.

Furthermore, the Peugeot's return in the U.S. appears to be a long-term investment. According to Gregoire Olivier, head of PSA Group's Mobility Services, TravelCar envisions a 10-year plan called which it calls a "progressive entry" into the Northern part of America, FinanzNachrichten has detailed.