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With Hyundai’s South Korean strike creating uncertainty for 2027-model-year deliveries, Mike Muehlenfeld of Walser Automotive Group says rental operators are maintaining normal purchasing levels and generating strong returns at disposal.
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SHB Hire operates from 16 key locations nationwide and offers a diverse fleet of over 18,500 vehicles ranging from cars, light commercial vehicles, heavy goods vehicles, golf buggies and all-terrain vehicles, 4x4s, HGV tippers, and specialist HGVs.
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The San Francisco-based ride-hailing firm will pay $1.4 billion in cash and $1.7 billion in convertible notes.
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GM Fleet will offer commercial, government, and rental fleets substantial discounts on replacement parts under a new program unveiled at NTEA's The Work Truck Show in Indianapolis.
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This single transaction marks the fourth and fifth national franchises acquired by the Group and extends its corporate network from 18 to 20 countries.
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General Motors will continue building its Chevrolet Impala midsize sedan and Cadillac CT6 luxury sedan at the Detroit/Hamtramck Assembly plant until January.
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Enterprise Holdings serves more than 95% of the worldwide car rental market and has been a minority investor in Deem since 2016.
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By the end of 2019, Avis Budget Egypt aims to have a fleet of 1,000 vehicles and 50 rental locations.
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Auto Rental News covers a variety of topics throughout the year, from national trends and news to legislation and opinion. Download our ebook, Top Articles of 2018, to revisit our most popular content of the year.
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"Current market speculations and media reports in the USA that Sixt SE is interested in acquiring Hertz are completely unfounded and false," officials said in a statement.
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The acquisition adds approximately 3,000 vehicles to Avis Budget Group’s network in Portugal and is a key step in strengthening its commitment to the local market.
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