Continental to Provide Digital-Key Services to Avis

By Marc Navarro Gonzalez Features Dow Jones Newswires

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.)

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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

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December 12, 2017 09:09 ET (14:09 GMT)