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NewsJuly 15, 2009

Moody's Lowers Hertz Ratings

The ratings agency cites as factors the weak demand for automobile and equipment rental into 2010, and the cost of refinancing Hertz's considerable maturing debt.

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NewsJuly 15, 2009

When Will It End? Used-Car Values Gain in Value Yet Again

The used-truck segment also increased in value for the eighth consecutive week.

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NewsJuly 15, 2009

Expedia Names World's Worst Tourists

Have they come to your rental counter recently?

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NewsJuly 15, 2009

Calif. Hotel Foreclosures Up, Trend May Expand Nationally

Hotel foreclosures in California jumped 125 percent in the last two months. Unlike car rental, hotels have to meet debt service on fixed assets. When room revenue sinks, it's harder to adjust.

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NewsJuly 15, 2009

Sixt Named “World's Best” Car Rental Company

International trade magazine Travel + Leisure selects the European provider of mobility services for the “2009 World's Best Award.”

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NewsJuly 15, 2009

Amadeus Introduces XML Messaging for Car Rental Companies

Amadeus develops a future-proof OpenTravel Alliance XML messaging platform for car rental providers, migrating launch partner Dollar Thrifty Automotive Group.

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NewsJuly 8, 2009

‘Epidemic' of Car Rental Fees Evident in Wisconsin

Wisconsin's new state budget includes a provision that would allow the Southeast Regional Transit Authority to raise the car rental fee from the current $2 to $18.

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NewsJuly 8, 2009

In Memoriam: Richard E. Lightner, 67

Lightner was the executive vice president of Ohio Vehicle Leasing Association as well as the 2004 recipient of William H. Brown memorial award for outstanding service to the car rental industry.

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NewsJuly 8, 2009

Car Rental Firm Admits Charging Multiple Customers for Broken Windshields

The Phoenix, Ariz. company is assessed a $100,000 fine after admitting that it sometimes charged renters but did not replace the glass when a vehicle's windshield was chipped.

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NewsJuly 8, 2009

Zipcar Launches First All-Electric Car-Share Pod

Car share members at the EV Pod in London can now drive an all-electric vehicle (EV) Citroën c1 and a plug-in hybrid (PHEV) Toyota Prius.

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