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NewsJanuary 14, 2009

Car Rental Firm Won't Charge Parents After Sons Killed in Ice Collapse

After provoking an angry reaction from local police and a victim support group, a New Zealand car rental firm has decided not to bill the parents.

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NewsJanuary 14, 2009

Investment Advisor Names Hertz Global Holdings as a 2009 ‘Top Pick'

In a special report titled ‘Top Stock Picks '09,' advisor says his pick of a company in a beaten down sector is a ‘contrarian idea.'

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NewsJanuary 14, 2009

Avis Budget Group to Launch Satellite TV in Rental Cars

Customers will be able to rent AT&T CruiseCast starting in the second quarter of 2009.

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NewsJanuary 14, 2009

ACG Introduces New Carsharing Advisory Service

Abrams CarSharing Advisors (ACA) will be focused exclusively on introducing carsharing advisory services to businesses, institutions, and government agencies.

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NewsJanuary 14, 2009

Fleet Loans for Rental Operators Included in TARP Bill

The American Car Rental Association reports that it has gained inclusion of language regarding the availability of fleet purchase loans for rental operators in HR 384, a bill designed to reform the Troubled Assets Relief Program and ensure the program's accountability.

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NewsJanuary 7, 2009

Dollar Thrifty Automotive Group Provides Year-End Update

Dollar Thrifty ends the 2008 year with the same cash balance of $210 million that the company reported in September 2008.

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NewsJanuary 7, 2009

Analysts: Cost Initiatives Should Help Avis Budget

One analyst sees positives even with a weakening economy and pricing pressure for Avis' truck rental business.

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NewsJanuary 7, 2009

U.S. Auto Sales Drop 18 Percent in 2008

The slump is causing some drastic measures, with one automaker promising to let buyers return cars for up to a year if they lose their jobs.

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NewsJanuary 7, 2009

Mike Cunningham Set as 2009 CAR Keynote Speaker

Mike Cunningham will present “Dealer's Perspective: How Consignors Can Bring More Dealers to the Lanes.”

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NewsJanuary 7, 2009

Ryder to Acquire Edart Leasing in Northeast U.S.

Ryder will obtain approximately 150 rental units from Edart's fleet.

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