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December 17, 2019

FreeNow, the ride-hailing venture owned by Daimler and BMW, expects to double revenue this year and next in a fresh challenge to Uber in Europe and Latin America.

FreeNow's so-called gross merchandise volume, which mirrors revenue, is forecast to reach about 2.4 billion...

December 16, 2019

Ride-sharing giant Lyft has crossed into the car rental market, and will directly compete with industry staples like Hertz and Avis.

The company announced the new service in a blog post Thursday, pledging to provide riders "flexibility to rent" as opposed to booking reg...

December 11, 2019

Nissan is launching a pilot program with car-sharing service Turo to let consumers kick the tires and get to know its vehicles in more depth than traditionally possible via test drives at the dealership. It’s offering $300 in bonus cash to eligible participants toward...

December 10, 2019

  • Global car sales are expected to decline by about 3.1 million in 2019 — a larger unit drop than in 2008, according to Fitch Ratings.

  • Falling demand in China, the world's largest auto market, is a major factor in the worldwide decline.

  • Sales in the U.S. ar...

December 9, 2019

Enterprise Holdings, which owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, and Discount Car and Truck Rentals, announced Friday it has signed an agreement in which Enterprise Holdings’ Canadian subsidiary will acquire Discount Car and T...

December 6, 2019

Four L.A.-area pilots will each receive $100,000 toward boosting zero-emission transportation. The initiatives aim to offer new modes of travel to underserved communities.

Several new transportation pilots in the Los Angeles region are trying to expand mobility options...

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