January 9, 2017 in Rental Operations
The funding will go into expanding Beijing-based Shouqi Car Rental’s fleet, as well as improving its marketing and technology.
December 13, 2016 in Rental Operations
Honda’s $750 million investment in ride-hailing Grab is part of an agreement to collaborate on motorbike-hailing services.
By Chris Brown , November 2016 in Insurance
The police raid of a car rental company in Detroit leads to questions on how insurance fraud investigations and prosecutions are funded — and the motivations driving the players on all sides.
September 6, 2016 in Rental Operations
eHi Car Services Limited, a car rental and car services provider in China, has announced that it has entered into an up to $150 million syndicated loan facility agreement.
August 8, 2016 in Rental Operations
Zoomcar, an India-based carsharing service, has raised another $25 million in a Series C round. Ford Motor Co. led investors in this recent round of funding.
June 7, 2016 in Rental Operations
Rental car companies are looking to get a refund of a tax collected by the city of Phoenix.
May 16, 2016 in Rental Operations
French peer-to-peer carsharing service Drivy has closed a $35.2M round of funding, which was led by Cathay Innovation and Nokia Growth Partners.
January 4, 2016 in Rental Operations
Silvercar has announced a $28 million Series C equity issuance led by Audi. Silvercar recently launched in Las Vegas, its 12th market.
October 20, 2015 in Rental Operations
Happycar, a European car rental comparison startup — has raised a new $1.58 million round of funding from several organizations, including Global Founders Capital and e-commerce company Rocket Internet.
August 18, 2015
The Arizona Sports and Tourism Authority depends on revenue from the 3.25% rental car tax to make debt payments on the University of Phoenix stadium.
December 3, 2014 in Rental Operations
Getaround, a San Francisco-based peer-to-peer car sharing service, has raised $24 million in Series B financing led by automotive giant Cox Automotive — owner of AutoTrader, Kelley Blue Book and Manheim Auctions.
June 25, 2014
Peer-to-peer car-sharing company RelayRides has raised $25 million in Series B funding, bringing its total funds raised to $44 million.
June 20, 2014 in Legislative
A judge of Arizona’s Maricopa County Superior Court has ruled that a car rental tax can’t help pay off the Cardinals Stadium in Glendale, Ariz. Taxes imposed on the use of vehicles are restricted to funding road construction, maintenance and related purposes.
April 23, 2014
A total of $305.5 million was released for the planned Consolidated Rental Car Facility and other roadway improvements at Maui’s Kahului Airport.
September 18, 2013
The state of Hawaii is asking for bids to help fund a temporary car rental facility at Honolulu International Airport.
October 24, 2012 in Rental Operations
The European Investment Bank loaned Bollore $98 million to continue its Autolib car sharing service throughout France.
By Chris Brown , February 2010
Here are some novel ideas on taxation that shift the burden away from car renters.
By Chris Brown , June 2009
Enterprise CFO Bill Snyder spoke recently with Auto Rental News on how Enterprise funds its fleets (Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car), and on the company’s outlook on the current financial market.
Auto Focus Blog: A blog covering fleets, auto rental and the business of cars
As new forms of mobility take flight, the borders with traditional car rental are starting to erode.
Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?
With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.
Job Finder: Access Top Talent. Fill Key Positions.