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Sixt 9-Month EBITDA Up At EUR 837 Million
Sixt H1 Pretax Profit Down At 127.5 Million Euros
Sixt: Michael Guertner Named New Chief Technology Officer
Sixt SE is a Germany-based holding company engaged in the provision of mobility services for business and corporate customers, as well as private travelers. The Company divides its business activities into two units: Vehicle Rental and Leasing. The Vehicle Rental Business Unit is operative through its own rental offices and in cooperation with franchisees and cooperation partners. The Leasing Business Unit covers services portfolio, including vendor-neutral advice concerning vehicle selection, vehicle procurement, vehicle maintenance, special product offers for transparent conditions at vehicle returns, service packages in the case of accidents and various other services, such as car insurance, fuel card management, payment of motor vehicle tax, and radio license fees. The Company also operates a network of partner companies in the international tourism industry, including airlines and hotel chains.
Rental & Leasing
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Deputy Chairman of the Supervisory Board
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Chief Operating Officer, Member of the Management Board
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The CEO and major shareholder of German car rental company Sixt <SIXG.DE> said a political effort to push the mass rollout of electric cars is a costly political error.
Germany's BMW <BMWG.DE> has bought out partner Sixt <SIXG.DE> from their joint venture DriveNow, paving the way for a broader car-sharing and driverless taxi alliance with Daimler <DAIGn.DE> to compete against the likes of Uber and Lyft.
German car rental company Sixt said it had agreed to sell its stake in car-sharing service DriveNow to joint venture partner BMW Group for 209 million euros ($259.1 million).
* DGAP-ADHOC: SIXT SE: SIXT SE SIGNS CONTRACT ON THE SALE OF ITS DRIVENOW STAKE TO BMW GROUP
German carmakers Daimler <DAIGn.DE> and BMW <BMWG.DE> may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt <SIXG.DE> hinted on Thursday.
German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, Sixt chief executive Erich Sixt, whose company owns part of DriveNow, hinted on Thursday.
DriveNow, the car sharing business operated by BMW and Sixt, is expanding to Helsinki after growing to 875,000 users, Sixt Chief Executive Erich Sixt said during a conference call on first-quarter results.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.