Avis steers into crowded field for managing ride services fleets


  • TECH
  • Thursday, 22 Feb 2018

An Emirates Airlines Airbus SE A380 flies above a shuttle bus at an Avis Budget Group Inc. location at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., on Sunday, Nov. 5, 2017. Avis is scheduled to release earnings figures on Nov. 6. Photographer: Patrick T. Fallon/Bloomberg

DETROIT: When Avis Budget Group Inc reports its results, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies.

Avis, however, won't be alone in chasing revenue from the same ride service companies that are undermining the rental car business.

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