Following regulatory approval, SHB Hire will operate under the Enterprise Flex-E-Rent brand to create one of the U.K.’s largest and most diverse commercial vehicle rental companies with more than 45,000 vehicles. Photo via Pexels. Enterprise Rent-A-Car U.K. has signed an agreement to acquire Romsey-based SHB Hire, a family-owned vehicle hire and management business. The acquisition will… Continue reading Enterprise UK Acquires Multimodal Rental Firm
Author: Auto Rental International Online News
Lyft IPO Values Company at $24.3B
With Lyft going public, all eyes turn to Uber, which is expected to have its IPO on April. Photo via Lyft. Lyft became the first ride-hailing startup to go public, with its Thursday initial public offering valuing the company at $24.3 billion, Reuters reports. Lyft’s stock began trading on the Nasdaq today under the ticker… Continue reading Lyft IPO Values Company at $24.3B
Carwiz Expands to 3 New Countries
By strengthening the brand and promoting available channels, Carwiz executives expect furtherexpansion to Mediterranean countries. Photo courtesy of Carwiz. Croatian car rental brand Carwiz has expanded its franchises to serve the rental markets of Morocco, Albania, and Turkey. Carwiz CEO Kresimir Dobrilovic said in a statement that the addition of the new markets has been successful… Continue reading Carwiz Expands to 3 New Countries
Uber Buys Middle East Rival Careem for $3.1B
The Careem brand and app will remain the same, and the Careem co-founders will stay on with the company. Photo via Uber. Uber announced Monday that it will spend $3.1 billion to buy Middle East ride-hailing group Careem, Reuters reports. The San Francisco-based ride-hailing firm will pay $1.4 billion cash and $1.7 billion in convertible… Continue reading Uber Buys Middle East Rival Careem for $3.1B
Europcar Adds 15 EVs to New Zealand Fleet
Last year, business travelers could register to receive one day’s free use of a Volkswagen e-Golf when traveling to Auckland, Wellington, or Christchurch, to trial the vehicles. Photo via Pixabay. Europcar New Zealand has expanded its permanent fleet of Volkswagen e-Golfs to 15, following the success of its Electric Day Pass pilot programme in 2018.… Continue reading Europcar Adds 15 EVs to New Zealand Fleet
Daimler Invests in Fleet Management Solution
FleetMaster, a software developer of cloud-based fleet and asset management solutions for rental and leasing companies, today announced Daimler has partnered with it through an investment made by the Daimler Financial Services division to acquire a minority stake in the Belgian company through a capital increase. The investment will also support global scaling of FleetMaster… Continue reading Daimler Invests in Fleet Management Solution
Dallas Transit to Subsidize Uber Rides
The transit agency signed a one-year contract with Uber that is projected to cost about $1.15 million. Photo via Uber. In an effort to boost ridership, Dallas Area Rapid Transit (DART) is partnering with Uber to provided subsidized, shared rides to customers in six of the transit agencies zones, Dallas News reports. The free and… Continue reading Dallas Transit to Subsidize Uber Rides
Hertz Selects Monetization Platform
RecVue will serve as a single system of record that will allow Hertz to report and analyze millions of rental agreements and commissions transactions. Photo courtesy of Hertz. The Hertz Corporation has chosen the RecVue Monetization Platform to manage billing, commissions, and revenue. RecVue’s Monetization Platform will enable Hertz to automate key elements of its order to… Continue reading Hertz Selects Monetization Platform
Israeli Co-Op Brings Carsharing to Rural Areas
Meshek Energy will operate the charging stations, and residents will be able to rent the vehicles by hour and pay by distance traveled. Photo via Werner Hillebrand-Hansen/Wikimedia. Meshek Energy, a branch of Israel’s Kibbutz Economies Group, is launching an electric carsharing service in rural areas, according to CTech. The agricultural cooperative has reportedly acquired dozens of Renault… Continue reading Israeli Co-Op Brings Carsharing to Rural Areas
Uber to Pay $2.6M to Settle Dutch Taxi Violations
The settlement also requires the person responsible for the launch of UberPop in Holland perform 90 hours of community service. Photo via Uber. Uber has agreed to pay the Dutch government 2.3 million euros ($2.6 million) to settle charges that the ride-hailing group violated transportation laws from 2014-2015, Tech Crunch reports. Between July 2014 and… Continue reading Uber to Pay $2.6M to Settle Dutch Taxi Violations