The $900 billion pandemic relief/economic stimulus package includes MAG relief, potential CERTS grants, and another PPP loan opportunity for smaller car rental companies. ACRA also announces new members.
After an upward revenue trend from July to October, Hertz’s total monthly revenues dropped from $233 million in October to $209 million in November.
Wholesale used-vehicle prices decreased 0.59% month over month in December 2020, bringing the Manheim Used Vehicle Value Index to 161.1, a 14.2% gain from a year ago.
Sixt is responding to the increasing importance of the Van & Truck product sector and is tapping into new potential as part of its international growth strategy.
In a court fight involving peer-to-peer pickups at Logan Airport, judges questioned Turo’s seeking of protection under Section 230, which provides immunity from liability for internet services and users for potentially harmful content.
General Motors has revealed a new electric delivery vehicle that will feature an estimated 250 miles of range following the announcement of its BrightDrop business unit, which is designed to offer a new ecosystem of electric first-to-last-mile products, software, and services for delivery and logistics companies.
This new brand was created to support the automaker’s continue efforts toward a future with zero crashes.
Designed to attract and develop entry-level talent to fill essential roles within the collision repair industry, and enhance retention and advancement among collision repair technicians, the program is piloting at four schools across the country — Ranken Technical College in St. Louis, College of Lake County in Grayslake, Ill., Contra Costa College in San Pablo, Calif., and Texas State Technical College in Waco.
Jagdish Bisnoi, 23, and Mahendra Godara, 19, allegedly rented vehicles for personal work, destroyed the GPS tracking device, then would sell the vehicles once COVID-19 travel restrictions eased.
A report from the Rocky Mountain Institute found that high mileage of ride-hailing vehicles takes advantage of electric power over gas - yet the high cost of EVs are a barrier to drivers.
Dan Grossman has been a trailblazer in the shared mobility industry, and his tenures as VP at Zipcar, COO at GM’s Maven, and CEO at Ford owned Chariot have contributed to the growth the industry is seeing today.
Kyte’s monthly revenue has grown 400% since March. The company intends to expand its app-based rental system soon into Washington, D.C.
In 2019, over 2.5 million people traveled on Christmas Day.
