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Drivers in need of wheels are being forced to pay up as a thin offering of rental cars becomes available again in Houston, the vehicle-dependent city still reeling after Hurricane Harvey.
The immediate challenge is a declining new-vehicle market. Long term, the companies face disruptions to their business model from sharing services and autonomous technology.
Hertz says it is making advances slimming its bloated fleet of fast-depreciating cars, tempering concerns about the rental-car company's financial footing as tech giants challenge its business model.
Automotive News sat down with several top executives at Enterprise Holdings to learn more about what goes into the company's fleet, acquisition and remarketing strategies. Here's a recap.
For GM, Uber and others mulling a foray into robotaxis, the bill for cleaning up riders' messes in their self-driving vehicles could be in the tens of millions of dollars annually.
As automakers struggle to keep selling new cars to American consumers at a record clip, Toyota plans to turn to rental car companies and other fleet operators for a boost in the second half.
BMW 3 series getting EV?; Calif. weighs EV rebates; Uber denies knowing about Waymo trade-secrets theft; Self-preservation for car rental firms?; Audi 'Spider' crawls red carpet.
Old-school rental-car agencies may have a road map to prosper in the age of self-driving taxis after all.
Waymo has reached an agreement for Avis to manage its fleet of autonomous vehicles. It's the first such deal in a field that's still fledgling but exploding with partnerships.
Apple is leasing a small fleet of cars from Hertz to test self-driving technology, an agreement that echoes a larger deal between competitors Waymo and Avis.
By selling still-fewer vehicles to Enterprise and Hertz, GM hopes to boost residual values and improve the economics of its leasing business.
Nissan's decision to boost deliveries to fleet companies carries risk, both to the Japanese automaker and to struggling rental-car giants Hertz and Avis Budget Group.
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