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Uber Buys Middle East Rival Careem for $3.1B
The San Francisco-based ride-hailing firm will pay $1.4 billion in cash and $1.7 billion in convertible notes.
The San Francisco-based ride-hailing firm will pay $1.4 billion in cash and $1.7 billion in convertible notes.
GM Fleet will offer commercial, government, and rental fleets substantial discounts on replacement parts under a new program unveiled at NTEA's The Work Truck Show in Indianapolis.
This single transaction marks the fourth and fifth national franchises acquired by the Group and extends its corporate network from 18 to 20 countries.
General Motors will continue building its Chevrolet Impala midsize sedan and Cadillac CT6 luxury sedan at the Detroit/Hamtramck Assembly plant until January.
Enterprise Holdings serves more than 95% of the worldwide car rental market and has been a minority investor in Deem since 2016.
By the end of 2019, Avis Budget Egypt aims to have a fleet of 1,000 vehicles and 50 rental locations.
"Current market speculations and media reports in the USA that Sixt SE is interested in acquiring Hertz are completely unfounded and false," officials said in a statement.
The acquisition adds approximately 3,000 vehicles to Avis Budget Group’s network in Portugal and is a key step in strengthening its commitment to the local market.
Sales of vehicles to commercial fleets increased 22% in August, while sales into daily rental fell 21.2%. Sales to government agencies increased 18.3%.
The partnership potentially adds upwards of 500 vehicles to HyreCar's platform,
Bluebird Auto Rental Systems, LP, was established in 1993 when Angela Margolit and a handful of limited partners purchased the auto rental division of Bluebird Systems.
Sales of vehicles to commercial fleets increased 6.3%, while sales into daily rental increased 44.9%. Sales to government fleets increased 13%.
Established in 1999, Nexus connects vehicle rental companies with corporate customers via a proprietary online booking and rental management system.
Cathedral Consulting facilitates “Dealer 20 Performance Groups,” allowing independent automotive leasing, and now, rental business leaders, to share operating results, best practices and ideas in a non-competitive environment.
According to sources, who declined to be named because the talks are private, the companies have discussed numerous potential deal structures, but haven’t come to a final agreement.
Nissan invited automotive journalists to drive its 2016 Maxima large sedan on June 2 at the Bel Air Bay Club in Pacific Palisades in southern California. View photos of the eight-generation sedan that has improved fuel economy by 15 percent over the outgoing model. Read more about the vehicle here. Photos by Paul Clinton and Chris Wolski.
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