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%
Author: Auto Rental International Online News
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
Avis Launches Pay-Per-Kilometer Brand in Italy
The Smile Rent offer is pay per kilometer, meaning that the customer pays for the actual kilometres covered during the rental. Photo via Depositphotos. Avis Budget Group has launched its new, pay-per-kilometer mobility brand in Italy: Smile Rent. The low-cost, 100% self-serve brand is the latest addition to the mobility giant’s expanding portfolio in Southern Europe, and will be targeting the… Continue reading Avis Launches Pay-Per-Kilometer Brand in Italy
Free2Move to Serve B2B Customers
By the end of 2019, close to 20,000 passenger and commercial vehicles will be available for hire in 1,300 branches across Europe, positioning Free2Move Rent as a local car rental service with a dense network of agencies. Photo via Depositphotos. As part of its short-term car rental business, Free2Move, Groupe PSA’s mobility brand, is opening… Continue reading Free2Move to Serve B2B Customers
Sixt Upgrades Car Subscription Service
Depending on the model, the car subscription starts at a price of 239 euros ($266) per month and includes an all-round carefree package including fully comprehensive insurance coverage, maintenance, taxes, winter tires, and many other services. Photo via Sixt. Sixt is launching the new generation of its “Sixt Flat Nonstop” car subscription program. Customers of the mobility service… Continue reading Sixt Upgrades Car Subscription Service
Electric Scooters Aren’t Zero Emissions
Photo via Flickr. Electric Scooter Insider has unveiled that electric scooters may not be as good for the environment as they lead on to believe. The site reviews and recommends the best electric scooters to consumers and has uncovered the truth behind the real environmental impact of electric scooters. Electric Scooter Insider calculated the CO2… Continue reading Electric Scooters Aren’t Zero Emissions
Didi Chuxing Welcomes Competitors to its Ride-Hailing Platform
Photo via Pixabay. Didi Chuxing has announced that it will allow three major Chinese car manufacturers on to its platform. Soon passengers will be able to order services provided by Guangzhou Automobile Group (GAC), First Automobile Works Group (FAW), and Dongfeng Motor (DFM) on Didi’s app. Quartz reported that this announcement comes amidst rising competition… Continue reading Didi Chuxing Welcomes Competitors to its Ride-Hailing Platform