Avis Letter to DTAG Slams Hertz Deal
Avis Budget Group contends that Hertz anti-trust hurdles are "significant." Avis wants delay in shareholder vote.
Avis Budget Group contends that Hertz anti-trust hurdles are "significant." Avis wants delay in shareholder vote.
Hertz's CEO Frissora calls Avis' letter: "Yet another press release with nothing new other than an admission, at last, that 'antitrust approval is a hurdle for an Avis Budget-Dollar Thrifty deal' ..."
Avis Budget: "Our revised offer of $45.79 in cash and 0.6543 shares of Avis Budget stock represents a meaningful premium over the revised offer from Hertz."
Mark Frissora: "Our agreement with Dollar Thrifty provides its shareholders with a substantial premium, deal certainty and a clear path to deal closure by year end."
Two franchisees and a property owner have filed an anti-trust lawsuit against Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group Inc. on Sept. 23 in the San Francisco Federal Court.
The all new Saab 9-5 sedan with its stand-out looks and advanced technologies signals the start of a new era for the Saab brand and a fresh choice to the premium sedan segment.
The automaker said Michigan-based VRCG will represent it to the commercial, lease, fleet management and rental industries in the U.S.
The new Dock & Play radio, compatible with almost all Budget vehicles, offers renters the "XM Everything" package with more than 170 channels of programming. The devices are available for rent for $4.99 per day or $20 per week.
Enterprise adding 500 electric vehicles to fleet; uses demo vehicle to build awareness of EV rentals and infrastructure.
Car rental employees at Salt Lake International Airport struggled with five suspects in a $500,000 jewelry robbery. No one was seriously injured in the incident.
Avis has signed a three-year partnership with the International Gay and Lesbian Travel Association and offers up to a 25 percent discount on global rentals.
Consumers and dealers may be "pushing back" at the high price of used vehicles.
The airport concession fee increase is meant to improve parking at the Sioux Falls Regional Airport Authority in South Dakota. Rental agencies would pass a $2 a day charge to rental car customers.
Everyone who owns one of the vehicles can receive a $100 voucher that can be used for renting or buying something else from Enterprise.
As part of the deal, Enterprise obtains Arelco’s fleet of 4,300 vehicles and 31 Alamo Rent A Car and National Car Rental locations, including 21 airport stations and 10 neighborhood branch offices, across nine states.
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