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NewsSeptember 1, 2010

China’s eHi Car Rental Signs $70 Million Investment Agreement With Goldman Sachs

Goldman Sachs and eHi Car Rental’s shareholders signed an investment agreement that will help eHi expand and promote ‘green’ car rental services in China.

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NewsSeptember 1, 2010

Stolen Gun Found in Rental Car Leads to Arrest and Weapons Cache

Car rental employees found the gun in the vehicle and called police. Officers traced the stolen weapon to a friend of the woman who rented the car.

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NewsSeptember 1, 2010

AAA Predicts Labor Day Weekend Travelers to Increase 9.9 Percent

Ninety-one percent of travelers will use automobiles to reach their holiday destinations. They will also travel shorter distances and spend more money.

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NewsSeptember 1, 2010

Dollar Thrifty Increases 2010 Revenue Guidance

The car rental company expects corporate adjusted EBITDA, excluding merger-related expenses, to be within $240 million to $260 million for the full year of 2010, an increase of $40 million from the company's previously announced guidance range.

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NewsSeptember 1, 2010

Hertz Releases Report on Anti-Trust Risks in Dollar Thrifty Acquisition

Both the pricing data and the GUPPI results in the report support Hertz's view that a merger of Avis Budget and Dollar Thrifty poses a far higher anti-trust risk than a merger of Hertz and Dollar Thrifty.

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NewsSeptember 1, 2010

Phoenix Car Rental Agencies Owe $100,000 in Unpaid Parking Tickets

According to city records, major car rental companies account for some of the largest individual debts.

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NewsAugust 25, 2010

Budget Offers End-of-Summer Rental Promotion

From now through September 13, subscribers of Budget Hot Deals, a weekly e-mail newsletter, will receive special money-saving offers that remain valid if they reserve within seven days.

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NewsAugust 25, 2010

National Car Rental Offers Eighth Annual “One-Two-Free” Promotion

Through the promotion, which runs through Jan. 31, 2011, National’s Emerald Club members can earn one free rental day with every two qualifying rentals of two or more days.

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NewsAugust 25, 2010

Hertz Acquires Italian Power Generation Rental Company

The acquisition was made by HERC's European business unit for an undisclosed sum and will be integrated into HERC's European operations.

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NewsAugust 18, 2010

GM Recalls Crossovers for Safety Belt Inspection

The recall affects 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook. GM said it discovered damaged second-row safety belt buckles among warranty returns.

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