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Carl Icahn, the car guy: Why he bets on Hertz, Lyft and Pep Boys

Icahn imagines the next two decades or so of transportation the way a lot of experts do

David Welch | Bloomberg 

Carl Icahn rarely takes his Mercedes out for a spin. And he figures many people in the US will eventually treat their vehicles as dismissively as he does, if they bother owning any at all. That’s part of why the billionaire expects he’ll make a bundle on the offbeat collection of investments he’s assembled, including a raft of auto repair and supply outfits, a small stake in Lyft and a controlling position in Hertz Global Holdings. “If you look at these businesses as single things, I don’t think they’re that great,” he said in a recent ...

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First Published: Fri, November 10 2017. 02:54 IST