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Leos Group of Companies operates in every major city in Cyprus, including an office at Larnaca International Airport.
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The American Car Rental Association found that rentals at airports decreased between 50% and 80% since March 2020, causing many companies to face financial hardship. (Updated Oct. 7)
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Green Motion Zanzibar was acquired by local entrepreneur Abeid Ali Abdalla who currently operates an independent car rental brand in the country.
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Volkswagen has already been using the e-Golf for its own car sharing service, We Share, since 2018.
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The Enterprise location was deemed a total loss following the blaze.
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Burmarrad Group was established in 1984 and has a diverse fleet of more than 1,000 vehicles, which includes a wide range of specialist commercial and industrial vehicles.
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KAR Auction Services, Inc. has signed a definitive agreement to acquire BacklotCars Inc., an app and web-based dealer-to-dealer wholesale platform featuring a 24/7 “bid-ask” marketplace and comprehensive vehicle inspections performed by automobile mechanics.
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Manheim expanded its Digital Block sales, adding seven more locations with in-lane bidding with a live auctioneer; however, vehicles are only displayed on screens and never travel down physical lanes.
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Volume-weighted, overall car and truck segments both showed signs of slowing with the overall market decreasing by 0.15% this past week, compared to a 0.14% decrease the prior week.
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The deal, valued at about $2.18 billion, faces antitrust scrutiny as it reduces the largest players in the market from three to two.
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