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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
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With travel booming in warm-weather destinations and a shortage of rental vehicles due to the pandemic, some travelers are facing rental prices of more than $300 a day – or up to $500 a day in certain high-demand areas.
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Green Motion Jordan will initially be supporting the Jordanian capital of Amman, and Queen Alia International Airport.
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CarTrawler’s partnership will provide more car rental options for customers on Hopper’s travel booking app.
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Specializing in short- and long-term car rental and leasing, Avalon Transportation has expanded its services at its location in Santa Clara, Calif.
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Free2Move, a mobility brand of Stellantis, will help Europcar Mobility Group reach its goal of having all its vehicles 100% connected by 2023.
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Powered by sherpa, the COVID-19 Travel Advisor is now part of several Expedia Group consumer brands to simplify the experience for people seeking guidance in destinations they hope or plan to visit, such as quarantine and COVID-19 testing requirements.
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Reporting its full-year 2020 Results, Europcar Mobility Group cited limited visibility on when rental car demand will recover; U.S. business a bright spot.
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Pratley will spearhead the global growth strategy for Fourth Tier’s ERA car rental software solution.
Read More →Hertz chose the renegotiated proposal over a competing one from Certares and Knighthead Capital. The plan keeps Hertz on track to exit Chapter 11 in June.
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