Avis Budget Is Adding Thousands of Rental Cars to Lyft’s Fleet [Fortune]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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Source: Fortune
Avis Budget group announced on Monday that it’s adding thousands of rental vehicles to the fleet of ride-haling heavyweight Lyft. The cars, which will be available for users of the Lyft app in various U.S. cities, will allow people “to drive with Lyft without the cost and burden of car ownership,” Avis said in a statement. It’s not the first time rental vehicles have been incorporated into Lyft’s operations. Under its Express Drive Program, the company already rents out cars at a weekly rate from partners including Hertz and Flexdrive. Adding rental cars to the ride-hailing ecosystem solves a problem of modern-day living, especially in urban areas: some potential Lyft drivers don’t own their own vehicles. “Our partnership with Avis Budget Group allows us to provide new and existing drivers who are seeking a reliable source of income with more quality options when choosing a vehicle. And as more drivers decide to give up their own cars, they can continue to earn w
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CAR
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- 2/12/24 - Beat
CAR
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- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 3/18/24 - Form 8-K
- CAR's page on the SEC website