Autolux Becomes Hertz Representative for Baltics, to Borrow Eur 6 Million From Luminor

VILNIUS, March 12, BNS The Lithuanian company Autolux has become the representative of the global car rental network Hertz for the Baltic states and has secured funding for 6 million euros from Luminor for expansion in Lithuania and Latvia, the bank said on Tuesday.

The Hertz car fleet operated by Autolux in the Baltic states will expand by 60 percent to around 900 cars by the middle of the summer, growing from 350 to 500 in Lithuanian and from 100 to 200 in Latvia, with a similar rise planned in Estonia.

The company plans to expand the car fleet to 1,200...