Advantage Rent a Car Opens Four New Locations in the U.S.
The Hertz Corporation said it will open six more locations by November.
The Hertz Corporation said it will open six more locations by November.
By the end of December, Hertz will have opened more than 250 new locations in 2010. The openings are part of a company-wide strategy to accelerate expansion in the off airport car rental market.
In a joint statement the two companies said: 'Dollar Thrifty and Avis Budget have agreed to cooperate with respect to Avis Budget's efforts to pursue antitrust clearance of the proposed acquisition by Avis Budget of Dollar Thrifty.'
Avis Budget states it is planning an exchange offer for Dollar Thrifty's shares within the next 10 business days.
Hertz states it is taking the necessary steps to cease activities related to the acquisition of Dollar Thrifty.
Prior to the shareholder vote, Hertz said it would end efforts to acquire Dollar Thrifty if DTAG shareholders rejected the deal. The final vote results totaled 11,811,154 votes for and 13,830,126 against, with 4,735 abstentions.
The car rental company says results reflect successful integration of Alamo Rent A Car and National Car Rental brands into company’s regional subsidiaries, as well as continued strong performance of flagship Enterprise Rent-A-Car brand.
New online platform allows car buyers to cross-shop rental brands for used-car inventory while taking advantage of Rent2Buy’s unique ‘try-before-you-buy’ concept.
The car rental company was honored by U.K.-based Business Traveller magazine and received two awards for being the best car rental company worldwide and in Europe.
During the BusCon show, the Micro Bird G5 will be on display in the Propane Education and Research Council (PERC) Propane booth (No. 226) at the Navy Pier in Chicago. The show is open to industry trade representatives today and Thursday.
Hecker’s leasing company allegedly bought "risk" vehicles from Hyundai Motor America, but treated them as "repurchase" vehicles, leading lenders to believe that Hyundai would buy them back for a set price if they did not sell within a period of time.
TRALA President and CEO Tom James testified before Congress Tuesday in support of preservation of the existing federal law, known as the Graves/Boucher Law, which preempts states from imposing vicarious liability on owners of rented and leased vehicles.
One top Dollar Thrifty shareholder said Hertz’s cash-and-stock offer undervalues his holdings.
Dollar Thrifty press release states: "Avis Budget has not demonstrated to our satisfaction ... that it would adequately protect our shareholders in the event that Avis Budget is unable to obtain the required regulatory approvals."
The DMV rule states that motor vehicle renters should collect 10 percent rental tax on items such as parking tickets, delivery charges, pickup charges, recovery charges, pass through charges, transportation charges and third party service charges, because DMV considers these items to be part of the gross proceeds from the rental.
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