Hertz Downsizes Rental Fleet, but Upsizes Rideshare

  • Emma Sandler
  • August 9, 2017
Hertz Global Holdings Inc. reduced its total average fleet by 1% year over year, but increased the number of vehicles dedicated to its ride-hailing fleet in the second quarter, the company reported in its earnings call last week. Last Updated: 9th August, 2017, 11:21 AM

Capital One Adjusts Taxi Underwriting as Rideshares Disrupt the Market

  • Natalie Mattila
  • July 27, 2017
Capital One Financial Corp. is making changes to its commercial taxi medallion lending portfolio by restructuring loans to protect its collateral as rideshares disrupt the industry, Chief Financial Officer Scott Blackley said on the company’s second quarter earnings call last week. “We’re working aggressively with our borrowers to restructure loans where possible; we’re taking steps […]

GM Considers Using Dealerships for Its Own Fleet Management

  • Emma Sandler
  • June 29, 2017
During an “office hours” conference call for analysts and institutional investors earlier this week, Chuck Stevens, chief financial officer of General Motors, indicated that the OEM was looking into utilizing its dealership network as fleet managers for autonomous vehicle services. The discussion followed the recent announcement from Waymo that it was partnering with Avis Budget Group, when Stevens […]

Why Insurers Are Driving Into Rideshares, Despite Speed Bumps in Coverage

  • Natalie Mattila
  • June 27, 2017
Auto insurers already feared the concept of the rideshare: How would they cover the drivers when the app was on or off? And what if there was a passenger or package in the vehicle at the time of the accident? But there’s another less noted concept bringing caution to the wind: Rideshare drivers are accepting […]
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