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CEO Andre Haddad is undecided on whether to raise capital through a traditional IPO or a special-purpose acquisition (SPAC).
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There was a significant drop in sold volume (both month-over-month, and year-over-year) in wholesale channels from September to November of 2020.
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Volume-weighted, overall car and truck segments both experienced continued softening in values to round out the last full week of 2020, but are higher than seasonal averages of the previous three years.
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Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.
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James Adams, an industry-experienced leader and proven e-commerce expert, is taking over this position and with it the management of the newly formed "E-Commerce & Revenue Management" unit, which covers e-commerce, pricing and yield management, and advanced profit and AI.
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Hertz's closure at three Wyoming airports has put 11 people out of work.
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This app will provide opportunity for Tasmanians to make their vehicles available to visitors, subject to meeting vehicle requirements and checks.
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Through its new Rent & Drive program, the Italian lifestyle brand is renting 16 classic cars, including a 1956 Mercedes-Benz 200 SL Gullwing, 1961 Maserati 3500 GT Vignale Spider, and a 1963 Ferrari 250 GT Lusso.
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The first proposal would allow car rental companies to temporarily disable a driver’s knee bolster air bag to enable the installation of hand controls. The second allows a waiver for installation of a rear-mounted wheelchair transporter that could block rearview cameras.
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The family-owned independent, an affiliate of Nextcar, runs a shuttle from its off-airport location directly to the airport terminals.
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