*By Carlo Versano* Avis Budget Group [announced](https://markets.businessinsider.com/news/stocks/avis-budget-group-fleet-expands-to-100-000-connected-cars-benefitting-customers-cities-and-the-company-bottom-line-1027453677) this week it has 100,000 connected cars in its global fleet, a milestone that the chief innovation officer said shows the company best-known for airport rentals is poised to become a next-generation mobility provider. The car rental company that vows "We Try Harder" also announced recently it's adding Waymo, Lyft, and Airbnb to its slate of partners. The expansion is all part of a strategic effort to appeal to Avis's customers who increasingly view mobility and transportation as a service, said the CIO Arthur Orduna. "We need to understand how people want to consume their mobility," Orduna said Thursday in an interview on Cheddar. He said he's divided future Avis customers into two camps: urban commuters, attracted to the company's on-demand services like Zipcar; and travelers who need access to rentals to get around a new place. The main priorities for building a company that can service both types of customers, he said, are connected cars and the Avis app. The ability to communicate with a vehicle creates a better experience for users ー finding and unlocking one's car via the app, for example ー Orduna said. The app also helps Avis to streamline its fleet operations, and, as connected cars produce data on their own movements, Avis can use that data to partner with other companies and smart cities, "based on a digital ecosystem," Orduna said. Avis, which operates in 11,000 locations in 180 countries, is also betting that the future of mobility means autonomy. "AV \[autonomous vehicles]\ is not a matter of if ー it's really a matter of when," Orduna said. To that end, Avis's partnership with Waymo, Alphabet's self-driving car unit, offers short-distance rides to a select group of residents in Arizona, where Waymo is testing its technology. This is in addition to an earlier deal for Avis to service Waymo's autonomous fleet. For full interview, [click here] (https://cms.cheddar.com/videos/VmlkZW8tMjIyMjI=).

Share:
More In Business
Gas Prices Rise Nationwide to Near $5 a Gallon
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
Stock of the Week: Target
Target made some headlines this week as the retailer slashed its prices due to excess inventory. Cheddar News anchors Kristen Scholer and Ken Buffa break down Target as the Stock of the Week.
Tesla Files Proposal a 3-for-1 Stock Split
The electric vehicle maker filed a proposal for a three-for-one stock split, increasing the accessibility of shares for investors for a stock trading at around $700 a share. The move comes not long after tech giant Amazon announced a 20-for-one split. The number of authorized shares rises from two billion to six billion. It was also revealed that board member Larry Ellison does not intend to stand for reelection as it pertains to Tesla.
How Pride Portraits Uplifts the LGBTQ+ Community
'Pride Portraits' is a trans-led organization aiming to visually represent the LGBTQ+ community one photograph at a time. Eden Rose Torres, founder and president of Pride Portraits, joins Cheddar News to discuss its participants and the issues the LGBTQ+ community still faces.
Biden Proposes New Rule to Add 500,000 EV Chargers Nationwide
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
Load More