PHV drivers who rented from Autobahn held deposits of S$500 to S$1000 per car and are also unlikely to retrieve their rental fees.

The vehicle leasing group's fleet of about 1,700 vehicles will be repossessed and returned to the respective creditors.

The car-sharing company said that the pause "allows us to realign our operations and assess the next phase of our service direction".

In a Facebook post on Wednesday, the company said the suspension was "part of an internal business restructuring and service review".

SINGAPORE: Car-sharing company Shariot announced on Dec 31 that it has paused its vehicle rental services "until further notice".

The vehicle leasing group also plans to drop its court appeal for protection against creditors’ recovery action. Read more at ...

Soaring costs of purchasing a car in Singapore, mostly driven by high Certificate of Entitlement prices, are steering individuals and firms toward long-term rentals and leases. The demand for such ...

[SINGAPORE] More individuals and companies in Singapore are renting or leasing cars as the cost of buying and maintaining a car – especially due to record Certificate of Entitlement (COE) prices – ...