Merrill's Hertz Investment Doubles to $1.5 Billion, Shares Drop Below IPO Price

Hertz deal could boost Merrill's fourth quarter profits by $219 million.

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Rental Companies Submit Bids for Counter Space at Local Pennsylvania Airport

The airport's Board of Commissioners received five bids for four available rental car counters.

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Consolidated Facilities Planned for Cincinnati/Northern Kentucky, Anchorage Airports

Cincinnati/Northern Kentucky ConRAC in planning stages, Anchorage facility set to open in June 2007.

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Car Rental Tax Proposed to Pay for Provo Facelift

Director of redevelopment Paul Glauser says property and sales taxes would not be raised to pay for the improvements. Rather, increased hotel, restaurant and car rental taxes would pay for them.

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Flooding Traps Rental Car in Olympic National Park

Florida renter fears high cost of loss of use.

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Struggling Airlines Force Airports to Seek Other Sources of Revenue

Income from parking, car rentals, restaurants and other concessions is climbing.

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Gold to Retire From Ford

DEARBORN, MI – Randy Gold, Ford Motor Company's general manager of rental operations has elected to retire after 30 years of service, effective Dec. 31, 2006.

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AAA Forecasts Robust Holiday Travel

Approximately 31.7 million travelers expect to go by motor vehicle, a 2.6 percent increase from those who drove a year ago.

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Hertz Shares Rise in Debut

After backing off initial planned share price of $16 to $18, Hertz sold more than 88 million shares this week at $15 per share, raising $1.3 billion.

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Hertz to IPO Thursday

Forecast to sell for $16-$18 a share, the company is positioned to raise over $1.8 billion dollars.

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

What I Learned at the 2014 Car Rental Show

If the Car Rental Show is an indicator of the health of the industry, the North American market is doing well — while the "growth markets" are really taking off.

Remembering Elaine Litwer

On the fifth anniversary of Elaine Litwer’s death, I’m brought back to the work she did to repeal vicarious liability. But it’s also caused me to reflect on the mentors in my life.

6 Market Predictors for 2014

In their fourth quarter conference calls, Avis Budget Group and Hertz gave an outlook on fleet costs, the used car market, fleet optimization strategies and potential acquisitions. Hertz shed light on the fallout from that excess fleet.

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