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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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Maven’s assets will be transferred to GM’s Global Innovation organization, which will use them to develop “new fleet services” and “mobility solutions.”
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The company has been working with local job boards to introduce drivers to logistics and delivery companies.
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Hertz expects to incur an aggregate cost of approximately $30 million relating to these workforce reductions.
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National Car Rental and Enterprise Rent-A-Car brands will extend their elite tiers through Emerald Club and Enterprise Plus for another year, until Feb. 28, 2022.
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Europcar has finalized its first lines of financing, 70% guaranteed by the Spanish State for an amount of 36 million euros.
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The payments equal $5.6 million for car rental companies and are expected to be paid back starting this summer.
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Enterprise Holdings provides updates regarding daily operations, airport service, rental procedures, collision center processes, car sales, and cleaning measures as a result of the coronavirus pandemic.
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The webinar covered risk, insurance, and contract issues as they relate to employment and staffing, new rental types such as gig workers, and managing parked vehicles. It is now available online.
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In mid March, Uber CEO Dara Khosrowshahi said that high impact areas like Seattle were experiencing a 60% to 70% decrease in bookings.
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The old Thrifty location in Boise, Idaho is being repurposed by the Wildland Firefighter Foundation.
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