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NewsMay 11, 2011

Toyota to Boost North American Production Earlier Than Expected

Beginning in June, overall North American production will reach approximately 70 percent of normal levels, up from approximately 30 percent in May.

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NewsMay 9, 2011

Hertz Submits New Bid for Dollar Thrifty

Hertz's new offer is for $72 a share. Hertz said it will divest discount brand Advantage to gain FTC clearance.

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NewsMay 9, 2011

Wholesale Prices Stay Near Record Levels

According to Adesa, wholesale prices in April averaged $10,551, only 0.6 percent lower than last April’s record level.

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NewsMay 6, 2011

Dollar Thrifty Profit Slides in Q1

Net income for the first quarter of 2011 is $16.5 million, down from $27.3 million a year earlier. Rental revenues were adversely impacted by the winter storms and a weakened pricing environment following the storms, the company said.

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NewsMay 6, 2011

Enterprise Holdings Hosts Fourth Annual Clean Car Championship

Six rental car service agents representing the Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental brands competed from airports across North America.

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NewsMay 6, 2011

Hertz Installs EVs in NYC Car Sharing Club

Connect by Hertz introduces Nissan Leaf to fleet of Seward Park Co-op car sharing location. Co-op installs four charge points to power vehicles.

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NewsMay 6, 2011

Hertz Introduces Tesla Roadster Electric Vehicles Into Fleet at Show Biz Expo on May 7th

Hertz continues to expand its electric vehicle fleet and offers premium model for test-drives at five-star production tradeshow and conference.

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NewsMay 6, 2011

Hertz Names John Holt Leader of Advantage Rent A Car

John Holt has been appointed Vice President, Advantage Rent A Car, effective immediately, and reporting to the Company's Chairman and Chief Executive Officer, Mark P. Frissora.

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NewsMay 4, 2011

Hertz Launches New Branding Campaign

Called "The Gas and The Brake" Campaign, the initiative will include a new advertising campaign, a consumer sweepstakes and a new brand mascot (Horatio) voiced by Owen Wilson. Link to new commerical enclosed.

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NewsMay 4, 2011

Avis Budget Posts Q1 Profit

Avis Budget Group reports net income of $7 million in the first quarter of 2011, compared with a year-earlier loss of $38 million. Revenue rose 7 percent to $1.24 billion. The company also released a statement on the potential Dollar Thrifty merger.

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