Emerging car-sharing industry hitting roadblocks at DFW Airport

  • 📰 dallasnews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 71%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The emerging car-sharing industry and companies such as Turo are already running into barriers in the Dallas area at some of its most important points —...

, the company said. Turo’s net revenue nearly tripled last year to $330 million, although it’s still operating at a steep loss, common for tech startups.GetAround, announced plans to go public earlier this year through a special purpose acquisition companyDallas’ Nicholas Fennema has expanded his fleet to four cars, all new purchases, since he started working with Turo three years ago.

“We have a problem with illegal commercial activities, specifically, professional car renters who own fleets of vehicles and rent cars online and have them delivered here to the airport,”. “They don’t have a permit with the airport to do so even though the code requires them to have one, they don’t pay airport fees, they don’t collect state rental car taxes or local rental car taxes and remit them to the state.

Tomme said the airport has identified Turo operators by doing undercover rental operations. If these new rules are approved by the cities of Dallas and Fort Worth, which oversee the airport, they will be able to start towing car-share vehicles in airport parking lots.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines