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WESTCHESTER, Ill. -- Insurance Auto Auctions Inc. (IAAI) announced it has signed an agreement to be acquired by private equity-investment firm Kelso & Co. for $385 million. IAAI specializes in remarketing services for salvage, repossessed, do-not-repair and slightly damaged vehicles.
Read More →WASHINGTON, D.C. -- The U.S. average retail price for regular gasoline increased the first week of March by 7.1 cents from the previous week to reach 199.9 cents per gallon March 7 -- 26.1 cents higher than this time last year, the Energy Department reported.
Read More →ST. PETERSBURG, Fla. -- Rick Stevens, Payless Car Rental Systems's chief financial officer, has been promoted to company president.
Read More →PARK RIDGE, N.J. -- The Hertz Corp. has opened a Hertz Local Edition facility in Hyannis, Mass., marking the first suburban HLE opening in the Cape Cod area.
Read More →FT. LAUDERDALE, Fla. -– The $247 million consolidated rental car center at Ft. Lauderdale-Hollywood International Airport opened for business Jan. 27.
Read More →TULSA, Okla. -- Alamo Rent A Car has launched the "Alamo.com Family Vacation Sweepstakes," promoting its best-rate guarantee for reservations made online at Alamo.com. Consumers can enter to win one of 300 trips to Walt Disney World Resort or Disneyland Resort online at Alamo.com.
Read More →SAN ANTONIO, Texas -- Advantage Rent-A-Car has expanded its global affiliations by adding locations in Italy and Slovenia, and extending new service into Jordan and Lebanon.
Read More →New York -- Women Presidents' Organization (WPO), a peer advisory group for women presidents, announced a new national corporate sponsorship with Avis Rent A Car System.
Read More →BELLEVUE, Wash. -- Expedia and the Hertz Corp. announced they have expanded their relationship, giving Expedia.com and Expedia Corporate Travel customers guaranteed best published rates on Hertz car rentals.
Read More →TULSA, Okla. -- Dollar Thrifty Automotive Group (DTG) reported its revenue in 2004 was a record $1.4 billion, a 16% increase over 2003's total. Net income for the year was $50.8 million.
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