Community CarShare is planning to dissolve due to financial issues, according to an article by The Record. The article reported that Community CarShare's total liabilities were nearly $796,500 and total assets were just under $227,000 as of April 2017.
The nonprofit carsharing cooperative received a letter of intent from Vrtucar, an Ottawa-based subsidiary of Montreal's Communauto Inc. to buy it. Vrtucar would acquire Community CarShare's assets and debts.
Community CarShare has operated in the Waterloo Region for two decades.