Dollar Thrifty, Vanguard in Early Merger Talks

Dollar Thrifty Automotive Group Inc. is in talks to merge with Vanguard Car Rental, owner of the National and Alamo chains, the New York Times reported on Wednesday.

The negotiations have been taking place on and off for several months and may still collapse.

If completed, a deal would create the third-largest rental car company in the United States behind Enterprise Rent-a-Car and Hertz Global Holdings Inc., but outpacing Avis Budget Group Inc. in terms of revenue, the paper said.

A deal with Vanguard would most likely be a reverse takeover, so that Vanguard would be the controlling shareholder, according to the Times. Dollar Thrifty and Vanguard were not immediately available to comment.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.