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NewsNovember 11, 2009

Rental Car Shortage Predicted in Europe

Car rental booking site ArgusCarHire.com is warning its customers to book early for the holiday season to avoid what it calls "severe shortages" in available cars.

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NewsNovember 11, 2009

Corporate Location an Issue in Hertz Suit

Hertz says the location of a company's executive headquarters is the best way to determine where a company is based.

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NewsNovember 11, 2009

Dollar Thrifty Exercises Option to Purchase Additional Shares

Dollar Thrifty announced today a plan to sell 6.6 million shares of common stock worth $120 million.

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NewsNovember 11, 2009

Floor Traffic Slows and Used-Vehicle Values Decline

Used-car and truck values declined in all 24 vehicle segments, according to the Used Car Market report by Black Book.

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NewsNovember 11, 2009

Avis Budget Notifies GDS Firms of Potential No-Show Fees

Avis Budget proposes a “no-show” fee in a move to align itself with airline, hotel and cruise industries.

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NewsNovember 11, 2009

Hertz Appoints Car Rental President for the Americas

Hertz named Scott P. Sider to succeed Joseph R. Nothwang as the head of the company's car rental and leasing business in the Americas after his retirement.

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NewsNovember 11, 2009

Car Rental Coalition Opposes Excise Taxes in Florida

A nonpartisan car rental coalition fights a proposed increase in excise taxes in Florida, which would help fund the state's rail transit projects.

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NewsNovember 4, 2009

Avis Budget Group Reports Revenue Dip, Earnings Boost

"The operating trends that characterized the second quarter continued into the third quarter, with strong domestic leisure pricing, up 13 percent year-over-year, offsetting soft demand levels," said Ronald L. Nelson, Avis Budget Group chairman and chief executive officer.

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NewsNovember 4, 2009

Enterprise Finds a New Way to Move Its Vehicles

New system will find the best deals among bidding carriers to move the fleet of vehicles around the country.

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NewsNovember 4, 2009

Avis Budget Group Completes Asset-Backed Conduit Financing Renewal

The conduit financing was extended through Oct. 28, 2010, and now bears interest of LIBOR plus 2.25 percent, representing a reduction of 100 basis points versus the prior rate.

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