With rapid expansion across the country, Kyte is eyeing a future of rental teleoperation and fully autonomous vehicle delivery. Photo: Kyte Kyte has announced a $30 million Series A funding round led by Park West Asset Management and Sterling Road. The on-demand car rental company launched in 2019 and is building infrastructure to support its goal of enabling teleoperation… Continue reading Kyte Raises $30 Million Series A Funding
Author: Auto Rental International Online News
Hertz Names Mark Fields Interim CEO; Paul Stone COO
Mark Fields, new interim CEO, Hertz Photo courtesy Hertz On Oct. 5, Hertz announced it has named Mark Fields interim CEO and Paul Stone president and chief operations officer. The news comes more than a year after former CEO Kathryn Marinello left the company. Effective immediately, Hertz says the new appointments are part of a vision for… Continue reading Hertz Names Mark Fields Interim CEO; Paul Stone COO
Kyte Brings its Car Service to Brooklyn
The service in Brooklyn launches on Oct. 1. Kyte also has redesigned and added new features to its iOS booking experience. Photo: Kyte On-demand, app-based car rental company Kyte is launching another location, this time bringing its service to Brooklyn, N.Y. The service that delivers cars to people’s doors also launched in Manhattan just four… Continue reading Kyte Brings its Car Service to Brooklyn
EVgo Boosts Fleet Services for its Charging Network
EVgo serves over 300,000 customer accounts including rideshare, autonomous, delivery, university, and other fleet clients. Photo: EVgo EVgo Inc. (NASDAQ: EVGO), a fleet electrification mover and owner-operator of the nation’s largest public fast charging network for electric vehicles (EVs), announced Sept. 23 the expansion of EVgo Fleet Charging Solutions with a new suite of services… Continue reading EVgo Boosts Fleet Services for its Charging Network
Xos, Cox Automotive Mobility Partner to Reuse Battery Packs
Cox Automotive Mobility, Spiers New Technologies, and Xos share a common mission in supporting practices that enable the extension of an EV battery’s life cycle. Photo: Spiers New Technologies Xos, Inc. (NASDAQ: XOS), a manufacturer of fully electric Class 5 to Class 8 commercial vehicles, announced Sept. 23 a strategic collaboration with Cox Automotive Mobility… Continue reading Xos, Cox Automotive Mobility Partner to Reuse Battery Packs
Green Motion Launches in Macedonia
The global expansion continues for Green Motion with its new Skopje International Airport location. Photo courtesy Green Motion International car rental brand Green Motion announced the continued expansion of their franchise network with the opening of their latest location in North Macedonia. This is yet another in-terminal Green Motion presence on-site at Skopje International Airport. Green Motion… Continue reading Green Motion Launches in Macedonia
Sixt Raises Revenue Forecast for 2021
The updated earnings forecast is already at 2019 levels. Sixt says the positive development can be attributed to holiday business. Photo courtesy of Sixt. Sixt’s managing board has increased the previous forecast for its 2021 financial year. The company’s mobility services business has developed more positively than expected in recent months amid the ongoing COVID-19 pandemic.… Continue reading Sixt Raises Revenue Forecast for 2021
Manheim Eases Post-Sale Experience
With more vehicles being bought across Manheim’s 76 physical sites nationwide due to tight vehicle supplies, the integrated approach supports client needs across multiple locations simultaneously instead of one location at a time. Photo: Manheim For commercial clients who sell vehicles across multiple Manheim locations, the auction company eased post-sale operations by improving processes that … Continue reading Manheim Eases Post-Sale Experience
New-Vehicle Prices Surge to Record Highs — Five Months in a Row
Industry Average Transaction Price v. Industry Average Incentive Spend as % of ATP. Graph: Kelly Blue Book / Cox Automotive New-vehicle prices hit another all-time high in August 2021, marking the fifth straight record-setting month, according to a new report from Kelley Blue Book released Sept. 14. At $43,355, the average transaction price (ATP) for… Continue reading New-Vehicle Prices Surge to Record Highs — Five Months in a Row
Sixt Partners with Luxury Consumer Platform Dezerved
Later this year, Sixt will also release premium offers to Dezerved’s community members through the new collaboration. Photo: Dezerved On Sept. 2, members-only platform Dezerved announced its partnership with Sixt to offer its customers exclusive offers with luxury consumer brands such as Laurent Perrier, Omega, Bang & Olufsen, and Shangri-La hotels. Through the new partnership, customers of Sixt can access the Dezerved… Continue reading Sixt Partners with Luxury Consumer Platform Dezerved