Avis will maintain Waymo's fleet of self-driving cars in Phoenix.
Avis stock was up as much as 17% Monday morning, after announcing that it partnered with Waymo, the self-driving car division of Google's parent company Alphabet.
Avis will store and maintain Waymo's fleet of self-driving cars in Phoenix, where Waymo is testing its autonmous ride-hailing service.
This isn't the only major partnership Waymo has made recently.
Waymo and Chrysler have built a fleet of autonmous minivans packed with Waymo's technology. Waymo has also partnered with Uber rival Lyft, but neither company has said exactly how they'll work together. And Waymo has said its in talks with Honda to work on self-driving cars.
Avis will maintain Waymo's fleet of self-driving cars in Phoenix. Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS