Steve Kovach June 26, 2017 at 07:15AM
Avis stock was up as much as 17% Monday morning, following a Bloomberg report that it partnered with Waymo, the self-driving car division of Google's parent company Alphabet.
The Bloomberg report says 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.
We've reached out to Waymo for comment.
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Avis stock is soaring after partnering with Google's self-driving car company (GOOG, CAR) from Business Insider: Steve Kovach
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