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NewsMay 13, 2009

Dollar Thrifty Loss Narrows in Q1

The company's exposure to Chrysler LLC has been reduced. On April 30, 2009, the company had approximately $11 million of trade receivables due from Chrysler, and estimated exposure of $28 million related to residual value guarantees provided by Chrysler.

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NewsMay 13, 2009

Avis Budget Reports Narrower-Than-Expected Q1 Loss

Domestic leisure pricing increased 4 percent and 9 percent for the Avis and Budget brands respectively, the company reports. Domestic fleet costs are expected to increase several percentage points on a per-unit basis in 2009.

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NewsMay 13, 2009

Hertz Negotiating to Lease Vehicles

Hertz said it's negotiating with two automakers to lease as much as 20 percent of its U.S. fleet.

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NewsMay 13, 2009

Ford Wins $3.1 Million Judgement Against a Denny Hecker Dealership

It's the latest setback for Hecker, who last month lost a $476.9 million judgment from Chrysler and still faces a lawsuit from Hyundai Motor Financial.

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NewsMay 13, 2009

Oregon County Approves Vehicle Rental Tax Increase

Multnomah County's tax on rental cars and moving trucks will move from 12.5 percent to 17 percent.

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NewsMay 13, 2009

Enterprise Urges Industry to Lower Refueling Charges

Enterprise, National and Alamo charge roughly 65 percent less than what some of the other major car rental brands charge their customers for refueling charges.

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NewsMay 13, 2009

Enterprise Commercial Trucks Adds 'Household Rentals'

Enterprise Commercial Trucks, a division of Enterprise Rent-A-Car will now offer consumer rentals at more than 125 locations throughout the U.S.

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NewsMay 13, 2009

Ryder Shares Downgraded Because of Weak Pricing and Commercial Rental Slump

Analyst says Ryder's commercial rental division “is not yet seeing any signs of life.” First-quarter earnings plunged 88 percent as its fleet-management business experiences slowing commercial rental and used vehicle sales.

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NewsMay 13, 2009

Avis to Offer Rental Car Services at Penske Auto Malls

According to Avis, Penske Service customers will now have access to Avis vehicles at affordable prices, including the convenience of onsite professional service, automatic reservations and roadside assistance.

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NewsMay 6, 2009

Fitch Assesses Chrysler Bankruptcy

The credit ratings agency expresses concerns on potential risks stemming from declines in Chrysler vehicle values, and that Chrysler may be limited in its ability, or may not be able at all, to entirely fulfill its repurchase obligations on program vehicles.

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