San Francisco-based HiGear, a peer-to-peer car-sharing service for luxury vehicles, has been acquired. The news follows the company's decision to shut down operations last month, after a criminal ring targeted HiGear, resulting in multiple incidents of theft involving its members' cars. The criminals stole four cars totaling $400,000 by using stolen identities to bypass HiGear's background checks. Today, the company is announcing its assets have been sold to another peer-to-peer car-sharing marketplace known as Rent2Buy. Terms of the deal were not disclosed.Source: http://feedproxy.google.com/~r/Techcrunch/~3/zCoYjEoPQ0Q/
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