Waymo, Apple deals bolster rental firms for ride-sharing age

Customers wait in line at a Hertz Global Holdings Inc. rental location inside Charlotte Douglas International Airport in Charlotte, North Carolina, U.S., on Friday, Feb. 24, 2017. Hertz Global Holdings Inc. released earnings figures on February 27. Photographer: Luke Sharrett/Bloomberg

Old-school rental-car agencies may have a road map to prosper in the age of self-driving taxis after all. 

Avis Budget Group Inc agreed to manage a fleet of 600 self-driving Chrysler minivans for Alphabet Inc’s Waymo autonomous technology division. In addition, Hertz Global Holdings Inc will lease Lexus sport-utility vehicles to Apple Inc, which will convert them to self-driving cars, said people familiar with the matter.