Continental to Provide Digital-Key Services to Avis
12 December 2017 - 2:24PM
Dow Jones News
By Marc Navarro Gonzalez
Germany's Continental AG (CON.XE) said on Tuesday that it has
entered a cooperation agreement to provide digital-key services to
U.S.-based Avis Budget Group Inc. (CAR.)
Continental said that, starting now, Avis' customers will be
able to use their smartphones to access the car rental company's
test fleet in Kansas City, which will initially consist of 1,000
vehicles.
The German automotive supplier said it plans to double its sales
in mobility services to more than 1 billion euros ($1.18 billion)
by 2020.
Neither company disclosed financial details of the
agreement.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
December 12, 2017 09:09 ET (14:09 GMT)
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