Author: Auto Rental International Online News

Europcar Taps AI Start-up for Mobility Solutions

Europcar Mobility Group is testing Tchek to strengthen its relationship with customers, its commitments, and its maintenance and repair processes. Photo via Depositphotos. French start-up, Tchek, has signed a partnership with Europcar Mobility group, which is currently testing Tchek’s artificial intelligence solution on its sites. With these first pilot projects, Europcar Mobility Group is strengthening… Continue reading Europcar Taps AI Start-up for Mobility Solutions

Uber Fined $59M over Sexual Assault, Harassment Claims

While the CPUC says the information can be anonymous, Uber could lose its license if the company fails to pay the fine within 30 days.  Photo via Uber. The California Public Utilities Commission has fined Uber $59 million for failing to provide the commission with information related to sexual assault and harassment claims, Reuters reports.… Continue reading Uber Fined $59M over Sexual Assault, Harassment Claims

Rideshare, Delivery Service Alto Expands to LA

Alto is currently available in Houston, Dallas, and now Los Angeles. Photo via Alto. Alto, an employee-based, on-demand rideshare and delivery company, has expanded to Los Angeles, the company announced. With a dedicated fleet of five-star crash rated SUVs and a team of fully employed, rigorously vetted and trained uniformed drivers, Alto is bringing its elevated… Continue reading Rideshare, Delivery Service Alto Expands to LA

Europcar Announces Financial Restructuring Plan

The agreement was made with private equity firm Eurazeo and holders of the agency’s 2024 and 2026 senior notes. Photo via Depositphotos. Europcar’s creditors have agreed to decrease the car rental company’s debts by 1.1 billion euros ($1.33 billion) in exchange for shares and control of the company, Europcar announced.  The agreement was made with private equity… Continue reading Europcar Announces Financial Restructuring Plan

Hertz to Sell Donlen for at Least $875 Million

Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned fleet management subsidiary, Donlen, to Athene Holding, a leading financial services company. Graphics: Hertz Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets… Continue reading Hertz to Sell Donlen for at Least $875 Million

Envoy Raises $11M in Series A Funding

Envoy Technologies has secured an $11 million Series A round and a strategic vehicle financing facility to assist it to scale to thousands of vehicles, the company announced. The Series A was co-led by Shell Ventures and Building Ventures and included other notable investors: DENSO, Goodyear Ventures, GroundBreak Ventures, and the Los Angeles Cleantech Incubator Impact Fund. The… Continue reading Envoy Raises $11M in Series A Funding

Silvercar to End Airport Operations, Focus on Audi Dealerships

The strategy shift places more focus on local rental markets. Photo via Audi. Silvercar by Audi plans to close all of its airport locations in December, the company confirmed.  In September, Silvercar announced that it would be expanding to Audi dealerships throughout the United States. The strategy shift places more focus on local rental markets.… Continue reading Silvercar to End Airport Operations, Focus on Audi Dealerships

Hertz Reports $222M Net Loss in Third Quarter, with Sequential Improvements

Throughout the third quarter, Hertz Global took advantage of a hot used car market to take average operating fleet down 34% through its remarketing channels. Photo via Depositphotos. Hertz Global Holdings yesterday reported results for its third quarter 2020 with revenue of $1.3 billion, a decline of 56% over the third quarter in 2019. Hertz reported… Continue reading Hertz Reports $222M Net Loss in Third Quarter, with Sequential Improvements

Hertz Secures $4B for Fleet Financing

Hertz expects to begin placing orders for deliveries of new vehicles that would commence in the first quarter of 2021. Photo via Enjosmith/Flickr. Hertz Global Holdings has secured commitments for fleet financing totaling $4 billion. The company has filed a motion for approval of The Hertz Corporation entering into the documentation for the financing by the U.S. Bankruptcy Court for… Continue reading Hertz Secures $4B for Fleet Financing