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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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Hertz is in the process of paying out $19 billion to its creditors while reducing corporate debt by nearly 80%. Stock shares will continue to be publicly traded on the over-the-counter market.
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In some hot vacation spots this July Fourth weekend, rental car prices are averaging between $306 and $436 per day. KAYAK and Turo held a sweepstakes to give away four carshares in the U.S. cities with the highest demand for rental cars.
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Hertz’s donation of its 2020 Hertz-Hendrick Motorsports Camaro ZL1 raised $250,000 for the Jack & Jill Late Stage Cancer Foundation.
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A new order mandates major manufacturers, Tier 1 suppliers, and operators of autonomous vehicles to report crashes of vehicles equipped with emerging in-vehicle technologies.
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Paratransit, a Sacramento-based nonprofit disability service, provides wheelchair-accessible rentals for short-term and long-term use.
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Tripadvisor Plus, a new annual subscription program, provides members with discounts off Hertz and Dollar Car Rental base rates.
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Enterprise Rent-A-Car and Enterprise Car Club vehicles will be available to rent as part of Scotland’s new GO-HI Mobility-as-a-Service (MaaS) project in the Highlands and Islands region.
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The new partnership with Chalkidi Cars introduces six new contactless car rental locations in Katerini, Kavala, Praralia, and Thessaloniki.
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The bid is said to have come from Volkswagen AG and would have valued the rental company at about €2.2 billion ($2.6 billion).
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