Apple Leases Cars From Hertz to Test Self-Driving Tech

The transcript discusses Apple's agreement with Hertz to lease vehicles for testing autonomous technology in California. This deal, along with similar agreements with companies like Waymo, could provide a new business avenue for car rental companies struggling in the traditional market. The potential for partnerships with autonomous and ride-hailing companies offers a promising future, although the exact benefits remain uncertain.

What is the nature of Apple's agreement with Hertz?

• Apple is buying Hertz's entire fleet.

• Apple is selling vehicles to Hertz.

• Apple is merging with Hertz.

• Apple is leasing vehicles from Hertz's Donlin unit.

Why is the non-exclusive nature of Waymo's deals considered beneficial?

• It limits Waymo's market reach.

• It increases costs for Waymo.

• It restricts Waymo to a single partner.

• It allows Waymo to partner with multiple companies.

What is the potential benefit for car rental companies in forming partnerships with autonomous vehicle companies?

• It allows them to reduce their fleet size.

• It provides a new business opportunity in the autonomous vehicle market.

• It increases their dependency on traditional car rentals.

• It helps them exit the car rental business.

How have car rental company shares been affected by recent developments in autonomous technology?

• Shares have increased due to potential new partnerships.

• Shares have been unaffected by these developments.

• Shares have remained stable.

• Shares have decreased significantly.

What challenge do traditional car rental companies face with the rise of autonomous vehicles?

• Higher operational costs.

• A decline in demand for traditional rentals.

• Increased competition from new rental companies.

• Limited access to new vehicle models.