Car2go reverses from five North American cities

4190 Car2go is to remove its free-floating car-share service from the North American cities of Austin, Calgary, Denver, Portland and Chicago by the end of the year.

Car2go released a statement, in which it admitted mistakes: “We have had to face the hard reality that despite our efforts, we underestimated the investment and resources that are truly necessary to make our service successful in these complex transportation markets amid a quickly-changing mobility landscape.”

The company is now refocusing on the cities of New York, Seattle, Washington, DC, Montreal and Vancouver.

“Ultimately, we know that in order to ensure the future of our business in North America, we have to think differently about where and how we operate,” the company adds.