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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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Initially, Rentcars.com will offer the Enterprise brand only at its main locations.
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Lyft’s scooters are unlocked with an app and can be found and dropped off almost anywhere within the service area.
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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%.
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Taxify's CEO Markus Villig told Quartz that his company already has significant data from its ride-hailing app that can help identify usage and movement patterns in the city and optimize scooter locations.
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Once completed and operational, rental car shuttles will no longer access the LAX terminal loop as all customers will ride the automated people mover train to get to their rental car company.
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Ford Motor Co. is recalling an estimated 1.62 million Ford F-150 regular cab and SuperCrew cab pickups from the 2015 to 2018 model years because the front seat belts may contain flammable tape.
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The company has joined the consortium given the critical role that IoT technologies are playing in Avis Budget Group’s strategy to making mobility more ubiquitous, personalized, and convenient.
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The lawsuit seeks restitution for a potential 900,000 customers affected by the company's rental toll fees along with costs of damage waivers the company pressured customers to buy in case of vehicle damage.
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