Should BMW be in the Car-Rental Business?

Hertz Global Holdings (NYSE: HTZ) and Avis Budget Group (NASDAQ: CAR) have a dangerous new competitor. BMW (OTC: BMWY) has entered the car-rental business.

The German automaker has launched ReachNow; a combination car-rental and ridesharing app, in three U.S. markets; Seattle, Brooklyn, and Portland, Oregon. ReachNow offers short-term car rentals similar to Avis’s Zipcar, an Uber-type car service and one to five day use of rental cars.

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Former Uber CFO Admitted the Only Way the Company Can Make Money Is to Gouge Drivers

Instead of being the cutting edge in transportation, Uber might go down in the history books as the Enron of the 2010s. Remember, Enron, like Uber, was supposed to be run by The Smartest Guys in the Room.

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Uber Banned Again

We 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.

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What would a Hyperloop Economy look like?

One result of a hyperloop would be a sort of economic boom in areas with lots of cheap housing that is in fairly close proximity to expensive urban areas. Another would be a fall in housing prices in areas where there are currently shortages that lead to high priced housing.

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Uber Seeks another $1 to 2 Billion

Uber might have pulled out of Eugene to avoid a repeat of the disaster that occurred in Nevada. The Nevada Transportation Authority impounded at least 15 Uber drivers’ cars between October 23 and October 30, The Reno Gazette Journal reported. The Authority seized the vehicles because it and the state’s attorney general believe Uber violates the state’s taxi cab regulations. Nevada Attorney General Catherine Cortez Masto asked for a restraining order to keep the service out. District Court Judge James Russell ruled that Uber is legal, which foreshadows a nasty court battle for the service’s future in the Silver State.

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