Credit score Agricole is weighing foray into German car-sharing: media report By Reuters

FRANKFURT (Reuters) – French financial institution Credit score Agricole (OTC:) is weighing plans to supply car-sharing monetary providers in Germany as a result of the rising market affords alternatives to problem incumbent gamers, an government informed commerce publication Automobilwoche.

The French financial institution’s client finance arm has been in a push to extend mobility-related revenues from its automobile leasing three way partnership with Stellantis and different partnerships in addition to from its present automobile financing and automobile rental providers.

“We’re testing car-sharing in smaller cities in France with a inhabitants of as much as 30,000. If that succeeds we are going to take the idea additionally to Germany,” Stephane Priami, the top of Credit score Agricole’s client finance unit, was quoted as saying.

The thought was to deal with cities inside driving distance of bigger cities to place them inside attain for patrons with no automobile, he added.

The German membership-based car-sharing market is present process a change as Volkswagen (ETR:) is promoting its all-electric car-sharing unit WeShare to Berlin-based Miles Mobility.

Germany’s Mercedes-Benz and BMW offered their car-sharing enterprise Share Now to Stellantis. Automotive rental agency Sixt has branched out into car-sharing.