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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

Published 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.

Those deals, while small in scope, have boosted optimism. Calling on the likes of Avis and Hertz shows that Apple and Waymo are …

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