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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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The acquisition of Citer SA and its subsidiary Atesa, further expands Enterprise Holdings’ presence in France and Spain.
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The company reports that the process to acquire and integrate the UK car sharing company went 'smoothly,' and that more than 1,000 vehicles have been migrated into the Zipcar system.
Read More →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.
Read More →The exchange offer and withdrawal rights will expire Nov. 1, but no other aspect of the terms or offerings changed.
Read More →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.
Read More →Dollar Thrifty says it intends to solicit final proposals in early October.
Read More →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.
Read More →Ace Rental Cars, which operates in Australia and New Zealand, will continue to operate under its existing brand as an independent subsidiary.
Read More →The two companies have expanded their partnership to begin offering Avis Budget Group vehicles on OPENLANE's Canadian auction site.
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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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