Uber Is Not a Threat to Car Rental Companies
News stories prove that the reports of the car rental industry’s demise are greatly exaggerated. It is Uber and its ilk that are fighting for survival, not Avis-Budget, Hertz and Enterprise.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
News stories prove that the reports of the car rental industry’s demise are greatly exaggerated. It is Uber and its ilk that are fighting for survival, not Avis-Budget, Hertz and Enterprise.
Read MoreWe need to ask ourselves what sort of future companies like Uber have. If they cannot comply with a few basic regulations and make money, then their business model is not viable. Perhaps it is time we scrapped this ridesharing concept or took it back to the drawing board.
Read MoreThat means GM will have to get the base price of an electric vehicle down to around $25,000 to be competitive in the ridesharing market. If it did that, General Motors could become the market leader based on fuel economy alone.
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