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UPDATE 1 -Alphabet partners with Avis to manage self-driving car fleet [Reuters]

AVIS BUDGET GROUP (CAR)  More Company Research Source: Reuters
Last avis budget group earnings: 8/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.avisbudgetgroup.com
PDF UPDATE 1 -Alphabet partners with Avis to manage self-driving car fleet June 26 Waymo, the self-driving car unit ofAlphabet Inc, said on Monday it signed a multi-yearagreement with Avis Budget Group Inc for the car rentalfirm to manage its growing fleet of autonomous vehicles,sparking a surge in Avis Budget's stock. Investors bid Avis shares up by as much as 21 percent onMonday, the biggest intraday percentage gain for the stock inmore than five years. The shares closed at $27.67, up about 14percent. Shares in traditional rental car companies such as Avis andHertz Global Holdings Inc have taken a beating as moretravelers use ride services such as Lyft and Uber TechnologiesInc The Waymo-Avis deal points to a potential futurefor rental car companies as managers for fleets of shared andautonomous vehicles require their services changing tires,cleaning interiors, and securing vehicles when they are not inoperation. A Bloomberg report on Monday that Apple was using vehiclessupplied by riva [Read more]

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