汽车业

Volvo, Cadillac and Porsche drive subscription model growth

Once every teenagers’ dream was to have their own car. Now they have an app for that.

Volvo, Cadillac and Porsche are among brands that have launched subscription deals this year, as the industry dips its toe in the water of a world of selling services rather than cars.

As car ownership begins to wane in some major cities, manufacturers are experimenting with ways of providing transport ranging from car-sharing schemes to on-demand booking through smartphone apps.

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