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Waymo, Apple deals bolster rental firms
Big tech groups give rental firms new revenue stream by getting them to manage their self-driving fleets
Add BT as a preferred sourcePublished Wed, Jun 28, 2017 · 09:50 PM
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Washington
OLD-SCHOOL rental-car agencies may have a road map to prosper in the age of self-driving taxis after all.
Avis Budget Group agreed to manage a fleet of 600 self-driving Chrysler minivans for Alphabet's Waymo autonomous technology division. In addition, Hertz Global Holdings will lease Lexus sport-utility vehicles to Apple Inc, which will convert them into self-driving cars, said people familiar with the matter.
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