The parent company of Hertz corporation, an international rental car service, has been hurting since the rise of ride sharing services like Uber and Lyft. Hertz dropped from 269 in 2016 to 298 this year due to a 4% decline in revenue.
Looking for leads, investment insights, or competitive intelligence?
News about Hertz Global Holdings
Declining sales could leave the Detroit Three with too many plants in North America.
Apple reportedly leasing six Hertz vehicles to test its self-driving tech.
Avis will manage Alphabet-owned Waymo's self-driving car fleet.