Hertz's Reorganization Plan Ok’d by Bankruptcy Court
Creditors to be paid in full and existing shareholders to receive more than $1 billion of value. Company on target for June 30 exit from Chapter 11.
Creditors to be paid in full and existing shareholders to receive more than $1 billion of value. Company on target for June 30 exit from Chapter 11.
The American Car Rental Association’s June update also includes support for federal funding of EV charging infrastructure, a plan to reopen international tourism, and a push to urge Congress to address vehicle data access legislation.
The regulator is looking into claims that the combined group may have too much market control and reduce competition.
After being accused of stealing a rental car from Avis Car Rental almost 20 years ago, a Connecticut woman has been charged with first-degree larceny.
From new legislative EV incentives to state and local mandates that will affect the car rental industry, operators need to start developing an electrification strategy. Operational and legal issues surrounding charging, tracking of rental cars, and data privacy must be considered.
The Georgia Supreme Court ruled that the licensee could not be held liable for injuries to third parties caused by the driver of a stolen rental car — who was also an Avis employee.
The American Car Rental Association updates this month’s initiatives and welcomes new and returning members.
In a potentially rare outcome in a corporate bankruptcy, the revised plan if accepted will amount to a recovery of 60 to 70 cents a share for stockholders.
A contractor that shuttled cars between Seattle-Tacoma International Airport and nearby Avis Budget locations is not considered a transportation employer under the city of SeaTac’s $15 minimum wage law.
As rising damage claims are now a significant barrier to profits for self-insured P2P platforms, those platforms are looking to minimize their losses in any way possible. The vehicle owners are the ones who suffer.
In yet another victory under the Graves Amendment, this new decision involving SDI v. Brown reimburses SDI more than $60,000 for prevailing on a $2,200 dispute.
The American Car Rental Association’s April update includes information on airport MAG relief, vehicle cybersecurity guidance, COVID-19 liability protection bills, and $2 billion in unused grants — along with an April Fool’s joke.
The lawsuit claims that Getaround has stalled over 100 claims by Savva — regularly disregarding its Terms of Service and Insurance Statement in the process.
Bismarck, N.D. police issued a warrant for the claimant’s arrest when he never returned a rental vehicle. The claimant filed a lawsuit against the Hertz Bismarck franchisee and police department claiming the arrest was “revenge for his social media criticism of the company for his support of the pipeline protests in North Dakota.”
A former risk manager for Enterprise Holdings submitted at least 694 false and fraudulent check requests resulting in a loss of over $1.4 million to the company.
The event consisted of networking, ACRA meetings, guest speakers, an ACRA political action committee reception, and meetings with U.S. representatives and senators on issues affecting the car rental industry.
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