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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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The platform will feature training modules, booking tools, and destination and driving guides from both Avis Car Rental and Budget Car Rental.
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Within the next 18 months, Avis will decide if Australia will follow its U.S. Zipcar model of having shared cars on university campuses or its London business model of having cars around the city.
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General Motors is recalling 230,013 2018 and 2019 Chevrolet, GMC, Cadillac, and Buick vehicles because they may be equipped with brakes that have defective pistons.
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Users who request the service will drive the rental vehicle back to the lot, where an Avis representative will then transport them in the same vehicle directly to the airport terminal.
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Porsche's new short-term rental programs will allow users to rent their luxury vehicles for a day, to a week, or longer.
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The expansion comes after the company announced last month that it had secured $300 million of funding from a recent Series D financing round.
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The company has decided to overfund in hopes of acquiring further investment before the round closes on Sept. 15.
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The company's Amsterdam customers will have 24/7 access to 16 parking spaces and eight charging stations in the public parking garage of the World Trade Center at Schiphol.
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The investment from Enterprise’s venture capital arm, Clayton Venture Partners, will help Migo expand discovery services for consumers and its transportation partners: Uber, Lyft, Car2Go, Lime, and Yellow Cab.
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Shares of Hertz Global Holdings rose 2.5%, while Avis Budget Group shares added 1.4%, amid expectations of a sudden demand increase on rentals.
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