Ride-hailing group Lyft announced its plan to expand service into Vancouver, the Vancouver Sun reports. The announcement comes on the heels of the British Columbian government’s recent approval of regulations, licensing, and insurance measures for ride-hailing companies. Companies that want to operate can apply to Passenger Transportation Board (PTB) for permission beginning September 3. The PTB will… Continue reading Lyft Announces Plan to Operate in Vancouver
Author: Auto Rental International Online News
Enterprise’s Deem Creates Virtual Payment Platform
Virtual payment gives corporations a central method to bill services, and a better way to audit and account for travel spend. Photo via Depositphotos. Deem, an Enterprise-owned mobile and cloud technology provider for the corporate travel industry, today announced the launch of its first virtual payment provider program with Conferma Pay, a leading FinTech company… Continue reading Enterprise’s Deem Creates Virtual Payment Platform
Autonomous Carsharing Program Launches in New Zealand
Users must download the Loop app to book a vehicle. Photo via Depositphotos. Self-driving carsharing service Loop has launched in the New Zealand city of Hamilton under a three-year contract, the NZ Herald reports. Waikato-based Loop operates a fleet of Volkswagen Golfs that cost about 15 NZD ($9.70) to rent per hour. Users must download… Continue reading Autonomous Carsharing Program Launches in New Zealand
Europcar Acquires Fox Rent A Car
Europcar Mobility Group expects the transaction to be neutral to its earnings per share in 2020 and to become fully accretive from 2021 onwards. Photo via Travelarz/Wikimedia. Europcar Mobility Group has signed an agreement with Fox Rent A Car’s three founders to acquire a 100% stake in one of the largest independent players of the… Continue reading Europcar Acquires Fox Rent A Car
Enterprise Ordered to Pay Over $6M in Race Discrimination Case
Linthicum-based Enterprise RAC Company of Baltimore had a federal contract for rentals worth more than $10,000. Photo via Depositphotos. Enterprise’s subsidiary in Baltimore has been ordered by a federal judge to pay over $6.6 million in back wages and benefits to more than 2,300 black applicants who were rejected by the federal contractor’s management trainee program. According… Continue reading Enterprise Ordered to Pay Over $6M in Race Discrimination Case
Hertz Increases Q2 Revenue 5%
Net income attributable to Hertz Global was $38 million compared to a loss of $63 million. Photo via Atomic Taco/Flickr. For the second quarter 2019, Hertz reported a total revenue of $2.5 billion, a 5% increase versus the second quarter 2018. Net income attributable to Hertz Global was $38 million compared to a loss of $63 million. Adjusted net income for… Continue reading Hertz Increases Q2 Revenue 5%
Carwiz Enters Asian Market
Tourists from Asian counties mostly visit Zagreb, Zadar, Split, and Dubrovnik with the intention of visiting destinations such as Plitvice lakes and Krka falls. Photo via Carwiz. Croatian rent-a-car brand Carwiz has recognized the importance of connecting with the Asian market by concluding a contract of collaboration with a South Korean partner, Dongbo Air Service — one… Continue reading Carwiz Enters Asian Market
Avis Reports $2.3B in Q2 Revenue
Photo via Depositphotos. Avis Budget Group reported second quarter revenues of $2.3 billion, which includes a negative impact of $46 million, or 2%, from currency exchange rate movements. Second quarter revenues featured a 2% increase in rental days. Overall per-unit fleet costs improved 8% year-over-year. For the quarter, net income was $62 million, or $0.81 per diluted… Continue reading Avis Reports $2.3B in Q2 Revenue
Australia’s Splend Relocates Headquarters to London
The new headquaters features a 2,300-square-meter driver hub where drivers can pick up their vehicles and undergo training. Photo via City and Color/Flickr. Car rental startup Splend has moved its headquarters to London, as the Uber-affiliated company looks to expand its base, City A.M. reports. Splend primarily rents vehicles to Uber drivers, in addition to supplying other… Continue reading Australia’s Splend Relocates Headquarters to London
Avis Partners with Tech Platform on Connected Cars Data
The Otonomo Automotive Data Services Platform will help Avis Budget Group gain new insights from its connected cars, which span a diverse range of makes, models, and telematics technologies. Photo via iStockPhoto/Karneg. Avis Budget Group has formed a partnership with Otonomo, an automotive data services platform, to unlock new avenues for value creation from the data generated by… Continue reading Avis Partners with Tech Platform on Connected Cars Data