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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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The company says it plans to emerge from Chapter 11 bankruptcy by mid to late summer.
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TSD's comprehensive system benefits all U-Save employees and licensees from corporate-level management to multi-location franchise operations, the company said.
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Despite the challenging circumstances of COVID-19, Surprice Car Rentals has developed a new policy for an updated quality control of its services.
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Europcar Mobility Group is planning mid- and long-term subscription services for companies and businesses. CEO Caroline Parot: “We are back in the game.”
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Wholesale values continued their ascent in the final weeks of February, with nearly all reporting segments experiencing gains.
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The tool, which gives pricing and demand data for worldwide locations, reveals the significant yield management opportunity due to lower fleet volumes, said Andrew Pascoe, CEO of MarginFuel.
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The new Zubie Dashcam combines in-cabin and forward-facing video recording capability with GPS driver monitoring technology, delivering consolidation.
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Eligible Metro Vancouver Lyft drivers can rent the Toyota Mirai sedan in one-week increments up to four weeks at a time using the KINTO Share Canada app.
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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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