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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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Hertz has reached a long-term agreement with South America’s car rental company, which includes Localiza's purchase of the Hertz operations in Brazil and combined Localiza Hertz branding in Brazil.
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Los Angeles World Airports has made the first step in the procurement process for the design and construction of the ConRAC project at LAX.
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Franchise Services of North America has announced the opening of two new U-Save Car and Truck Rental locations in the cities of Hattiesburg and Fulton.
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Budget Car Rental has named Budget Iceland as “Licensee of the Year” for the second year in a row.
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Volvo CEO Håkan Samuelsson predicts short-term rental and peer-to-peer carsharing will be the two most popular forms of car usage.
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The Brazil-based car rental company has filed for an initial public offering and hired several banks to underwrite the transaction.
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A year after declaring a no-sale policy, AutoNation is allowing vehicles with recalled parts to be sold.
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The recall covers nearly 603,000 vehicles in the 2013 to 2016 model years.
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The Commemoration events will take place December 1-11, honoring remaining survivors and veterans of the attack.
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In Zipcar’s latest Urbanite Study, two in five urbanite respondents plan to sell their cars, while 83% of respondents believe automated cars will be on streets in their lifetime.
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