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NewsFebruary 23, 2011

Hertz Increases Revenues, Narrows Losses for Q4 and Full Year

Company reports full year 2010 worldwide revenues of $7.6 billion, up 6.5% over prior year, and a net loss, on a GAAP basis, of $48 million, compared with a net loss of $126 million for 2009.

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NewsFebruary 23, 2011

CRS Announces Financing Seminar

Presented by investment banker Scott White, the seminar, “How to Explain Car Rental to Banks and Investors,” will cover the arguments and explanations White has used successfully in car rental’s biggest mergers and acquisitions and financing deals.

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NewsFebruary 22, 2011

OPENLANE Appoints New CEO

Peter Kelly, Co-Founder, President and former CFO of OPENLANE, takes on the new role effective immediately.

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NewsFebruary 18, 2011

J.D. Power Names 40 Customer Service Champions for 2011

J.D. Power recently released a cross-industry report titled, “Achieving Excellence in Customer Service” that names 40 companies as 2011 Customer Service Champions.

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NewsFebruary 17, 2011

Avis Budget Goes from Red to Black in 2010

Avis Budget Group reported net income of $54 million in 2010, compared with a loss of $47 million in 2009. The company’s 2010 fourth quarter loss totaled $24 million, compared with a $49 million loss a year earlier.

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NewsFebruary 16, 2011

Resolving a 'Mexican Insurance Scam'

Renter booking a car for a Cancun trip ends up paying more than triple the rental cost in insurance.

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NewsFebruary 16, 2011

Car Rentals USA Launches for Major Cities in US and Canada

New car rental search engine will display budget-oriented car rental agencies in US and Canada cities and airports such as Los Angeles (LAX), Miami (MIA), Toronto (YYZ), Orlando (MCO), New York (JFK), and Fort Lauderdale (FLL).

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NewsFebruary 16, 2011

Avis Budget Receives National Smoke-Free Business Award

The company was awarded recognition for its 100 percent smoke-free fleet policy.

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NewsFebruary 16, 2011

Green Motion Expands to Mexico

The company recently announced its expansion into Mexico and will be offering services at 12 strategic locations throughout the country.

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NewsFebruary 16, 2011

Avondale Report: Positive Earnings Outlook for 2011

For the Dollar-Thrifty Group, Avondale maintained its Market Perform rating and its $47 price target as long as merger speculation continues.

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