You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
The rental-car business isn't dead and working with ride-hailing companies will actually offset any market share lost to them, the CEO of Hertz says.
Carl Icahn imagines the next two decades or so of transportation the way a lot of experts do: Americans will ditch personal cars. He sees the migration playing into his hands.
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.
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.
Hertz supplying Apple's autonomous test cars; GM lowers '17 sales outlook; Aston scales back plan for RapidE EV; Elon Musk takes 'Boring' idea to Chicago; Gold rush for suppliers?
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.