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NewsMay 27, 2009

Hertz Holdings Prices Offerings of Common Stock and Convertible Senior Notes

Hertz said it agreed to sell 46 million shares at $6.50 each. Hertz expects proceeds of $949 million from the offerings.

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NewsMay 20, 2009

AAA: Lower Fuel Costs and Travel Bargains to Spur Slight Rebound in Memorial Day Road Trips

According to AAA's Leisure Travel Index, car rental rates will drop lower with consumers paying an average of $43 per day compared to $45 a year ago, a decrease of 3 percent from last year for the Memorial Day holiday weekend.

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NewsMay 20, 2009

Alamo and Virgin Holidays Sign Car Rental Agreement

Effective Jan. 1, Virgin Holidays customers will be able to be able to retrieve their rental agreements through Alamo's self-service kiosks, eliminating the need to stop at the car rental counter.

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NewsMay 20, 2009

Dollar Thrifty Automotive Group Holds Annual Meeting of Stockholders

At Dollar Thrifty's annual meeting, Thomas Capo, Maryann Keller, Edward Lumley, Richard Neu, John Pope and Scott Thompson were elected as directors.

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NewsMay 20, 2009

GELCO and GE Fleet Services Sue Denny Hecker

GELCO and GE Fleet Services allege Denny Hecker defaulted on $7.2 million in car leases.

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NewsMay 20, 2009

Calif. Airport in Talks to Build Car Rental Facility

The Burbank-Glendale-Pasadena Airport Authority of California is deciding whether or not to create a transit center which would include car rental, bus and train service to a single point to link with air service at the Bob Hope Airport.

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NewsMay 20, 2009

Rental Car Companies Exempt from City Impound Bill

Rental car companies would not have to post a bond to release a car that was impounded from drivers without a valid license.

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NewsMay 20, 2009

ACE and Bluebird Partner on Next-Generation Reservation Delivery Technology

The joint venture between ACE Rent A Car Reservations Inc. and Bluebird Auto Rental Systems Inc. is XML-based and will deliver reservations to ACE's affiliates in real time.

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NewsMay 20, 2009

Polk: Global Light Vehicle Sales to Decline 15% in 2009

Study shows worldwide volumes won't return to pre-crisis levels until 2012.

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NewsMay 14, 2009

Kontos: Wholesale Prices Lose Steam

One would have expected lower wholesale supply and improving retail demand to have resulted in stronger wholesale prices in April. Yet many dealers are limiting their days-supply of used vehicles by keeping fewer units in inventory and turning them quicker.

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