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NewsOctober 21, 2009

Enterprise Holdings Announces Final Results for Debt Tender Offer

Enterprise Holdings Inc. announced the final results for the previously announced tender offer by its indirect, wholly owned subsidiary, ARG Funding Corp., to purchase for cash any and all of its rental car asset backed notes specified in the offer to purchase, dated Sept. 18, 2009, as amended and supplemented, and the related letter of transmittal.

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NewsOctober 21, 2009

Car Rental Still a Potent Tax Stream

The debt to pay for constructing a stadium and convention center might actually be paid off early.

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NewsOctober 21, 2009

Retread Tires at Issue in Rental Car Lawsuit

Alleged damages after accident include physical pain, mental anguish, and disfigurement.

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NewsOctober 21, 2009

Hertz Announces Offering of $1.2 Billion Term Asset-Backed Notes

Rated "Aaa" by Moody's, the three-year notes carry a 4.26 percent coupon (4.30 percent yield) and the five-year notes carry a 5.29 percent coupon (5.35 percent yield) with expected final maturities in 2013 and 2015, respectively.

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NewsOctober 21, 2009

CNW: Stigma Still Attached to Off-Rental Used Cars

Surveyed used car shoppers say they'd be willing to pay an average of $1,240 more for a certified off-lease vehicle and expect a discount of $1,572 for daily rental models.

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NewsOctober 21, 2009

Test of VerX Service Catches “Not-Valid” Licenses at DTAG Airport Location in Canada

The VerX Direct service, available for Canadian operators, has been tested in the highest theft locations and Canada and has received endorsements from ACCRO, the car rental association in Canada.

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NewsOctober 21, 2009

Another Car Rental Tax Proposal Goes to Voters

Operators say tax would hurt their already-struggling businesses.

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NewsOctober 21, 2009

Hertz Undergoes Brand Marketing Makeover

The company is set to completely revamp its corporate identity, with the color yellow playing a big role.

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NewsOctober 14, 2009

DTAG Provides Update on Fleet Diversification & Cost

Dollar Thrifty cuts its Chrysler fleet from 85 percent to 30 percent, while increasing Ford to 34 percent for 2010.

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NewsOctober 14, 2009

Feeling the Burdens of Success

Once a local start-up, Zipcar has become an international enterprise…and is the target of a class-action lawsuit.

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