DTAG Q2 Profits Fall 43 Percent
Dollar Thrifty reported net income of $15.3 million, or $0.63 per diluted share, compared to $26.7 million, or $1.04 per diluted share for the comparable 2006 quarter.
Dollar Thrifty reported net income of $15.3 million, or $0.63 per diluted share, compared to $26.7 million, or $1.04 per diluted share for the comparable 2006 quarter.
Gary Paxton: "We are absorbing higher vehicle financing costs as a result of lower credit ratings in the auto industry. While raising rental rates is the key to offset these vehicle related cost increases, we are also taking steps to further reduce operating costs.”
Taylor family says Enterprise Rent-A-Car is "set to operate Vanguard Car Rental and its National Car Rental and Alamo Rent A Car businesses as a separate subsidiary for the foreseeable future."
Rhode Island Gov. Donald Carcieri vetoed House Bill 5547, which sought to allow claimants and insured parties to use the car rental company of their choice.
Siracusa, who joined Hertz in 1969, will act in a consulting capacity for 12 months. Elyse Douglas appointed interim CFO while an internal and external search is conducted.
Foreign models from Kia to Hyundai are selling more cars to daily rental companies as Detroit's automakers try to scale those sales back.
Productivity on the road affected by traffic, paying tolls and getting online.
Lexus LS edges Cadillac DTS for 2007 top overall vehicle.
Ford reported a net profit of 31 cents per share, or $750 million, for Q2 2007. Ford said it is exploring sale of Jaguar and Land Rover. GM's $891 million second-quarter profit was more than double analysts' estimates. GM earned $891 million, or $1.56 a share, compared with a net loss of $3.4 billion, or $5.98.
To celebrate their 25th year of providing software to the car rental industry and to introduce their latest version, RentWorks4, Bluebird Auto Rental Systems is holding a special two day Users Conference on September 26th and 27th.
Rebates and incentives on new vehicles usually speed up the depreciation on those models.
Avis.Com Booking Engine Optimized for Use with Portable Internet Devices
Harris Poll finds that U.S. adults are minimizing unnecessary travel and putting off planned leisure road trips.
The firm is set to enter a friendly takeover deals with United Rentals.
The car rental company will soon offer its rental fleet to dealers online.
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