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Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy

Last year, Hertz bidders Knighthead and Certares created an investment fund that looks to...

The buyers, Knighthead Capital Management and Certares Management, would take at least a majority share and as much as 100% of the company. The proposed plan would pay in full all of Hertz's existing first- and second-lien debt and provide a 70% cash recovery to general unsecured creditors.

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Enterprise Launches Digital Car Sales Platform

Shortly after the onset of the COVID-19 pandemic, Enterprise Car Sales accelerated the launch of...

With the completion of this rollout, Enterprise’s customers now have the flexibility to complete their used car purchase either by starting their purchase from the comfort of home (with delivery, where available) or completing their purchase at any of Enterprise Car Sales’ 147 U.S. locations.

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Travelers Trust Car Rental Over Planes, Buses

Renting a car is second only to "taking a road trip" in terms of travelers' comfort levels,...

A survey gauging consumers' comfort levels with various modes of travel found that 38% of respondents felt "very comfortable" or "somewhat comfortable" when renting a car. Road trips leads the list, while flying internationally is at the bottom.

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