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Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
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The fleet management company's new vehicle remarketing program shortens the needed selling time.
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Hertz received $891 million in cash for the sale of the fleet management company.
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Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets of Donlen to Athene Holding.
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Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.
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Aptiv's technology powers safe and reliable AVs in cities worldwide with Las Vegas serving as the initial North American commercial deployment market.
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Donlen has embraced mobility as a service for some commercial fleets, and has set up an internal team to offer carsharing, ride-hailing, short-term vehicle rentals, and other products, the company's mobility leader told Automotive Fleet.
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Donlen has updated its corporate logo to closer align the fleet management company with its corporate parent, Hertz Global Holdings, by adopting a black-and-yellow color scheme.
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Apple is leasing a small fleet of vehicles from Donlen, Hertz's fleet management division, to test its self-driving technology.
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The board of directors at Hertz Global Holdings has approved the announced separation of its car rental and equipment rental businesses. The equipment rental company will change its name to Herc Holdings Inc.
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