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Fleet Acquisition

NewsOctober 27, 2011

Hertz Withdraws Offer to Acquire Dollar Thrifty

While the company remains interested in obtaining FTC approval, Hertz announced Oct. 27 that it is withdrawing its exchange offer, which would have expired Nov. 1.

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NewsSeptember 12, 2011

Hertz Extends Deadline for Exchange Offer to Dollar Thrifty

The exchange offer and withdrawal rights will expire Nov. 1, but no other aspect of the terms or offerings changed.

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NewsSeptember 2, 2011

Hertz Completes Donlen Acquisition

Final acquisition price of $177 million is lower than initial $255 million. Assumption of Donlen fleet debt is $770 million, $90 million more than original assumption.

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NewsAugust 22, 2011

Dollar Thrifty Asks Hertz and Avis to Submit 'Best and Final Offers'

Dollar Thrifty says it intends to solicit final proposals in early October.

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NewsMarch 8, 2011

Hertz, Renault to Bring Electric Vehicles to European Rental Markets

Hertz will be adding 500 new Renault electric zero-emission vehicles to its fleet in Europe over the next two years. The planned lineup includes the Renault Fluence Z.E., Kangoo Z.E., Twizy, and ZOE vehicles.

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NewsFebruary 18, 2011

Hertz Acquires Australasian Discount Brand

Ace Rental Cars, which operates in Australia and New Zealand, will continue to operate under its existing brand as an independent subsidiary.

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NewsFebruary 8, 2011

Avis Budget Group and OPENLANE to Sell Vehicles Online to Canadian Dealers

The two companies have expanded their partnership to begin offering Avis Budget Group vehicles on OPENLANE's Canadian auction site.

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ArticlesFebruary 1, 2011

How to Acquire an Auto Rental Company

Buying out or merging with another rental company can be a quicker path to new revenue than opening up a brand new store—if you can avoid the pitfalls going in.

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NewsNovember 17, 2010

Kelley Blue Book Names Winners of 2011 Best Resale Value Awards

Subaru and BMW are recognized for having the best resale value in the brand and luxury brand categories, respectively. Ford, Toyota and Honda each received three awards in the individual vehicle categories.

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NewsNovember 10, 2010

Black Book: Market Continues Stable Value Trend

Ricky Beggs of Black Book provides an in-depth analysis of the wholesale market for the quarter and year to date.

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