Old-school rental-car agencies may have a road map to prosper in the age of self-driving taxis after all. Avis Budget Group agreed to manage a fleet of 600 self-driving Chrysler minivans for Alphabet’s Waymo autonomous technology division. In addition, Hertz Global Holdings will lease Lexus sport-utility vehicles to Apple, which will convert them to self-driving cars, said people familiar with the matter Monday.
Those deals, while small in scope, comforted investors enough to push up shares of both companies by 14 per cent, a remarkable one-day showing for an industry whose stocks have long been out of favor. The reason for