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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

Autonomous car development companies such as Waymo are willing to partner traditional players instead of driving them into oblivion.


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...