Dollar Thrifty Investor Sells Shares, but Stock Could Still Have Appeal
The car rental company’s stock price will depend on the health of the overall economy.
The car rental company’s stock price will depend on the health of the overall economy.
Manufacturers registered a 0.7% month-over-month price increase and a 2.7% year-over-year rise, indicating still-strong demand for off-rental program units. Fleet/lease consignors experienced a 2.1% sequential price decrease and a 1.9% annual increase, in part from strong dealer demand for rental risk and commercial fleet units.
The initial contract will serve DOT employees exclusively, supporting its Sustainable Streets program, with the potential to expand to other agencies if the program performs as expected.
Nissan Europe may offer a week’s worth of gas-powered rentals for Nissan EV purchasers.
"With the mystery surrounding electric vehicles, we think this vehicle will not only meet the needs of many of our customers, but will also help to 'lift the veil' on EVs for many of them and help them better understand the technology and why they might want to own one," said Lee Broughton, director of sustainability for Enterprise Holdings.
Theme park and resort guests will be able to use Alamo’s on-site branches at the Disney Car Care Center at Walt Disney World Resort in Orlando, Fla., and at Disneyland Resort in California.
The car rental company said third-quarter revenue is expected to increase year-over-year to approximately $1.5 billion.
Avis has yet to enter into a merger agreement with Dollar Thrifty and has not commenced its promised exchange offer for Dollar Thrifty.
The Chrysler 200 will arrive in dealerships in the fourth quarter of 2010.
"The winner stood out for trying to do something quirky and different in a highly commoditized sector. The judges felt the winning site successfully conveyed a personality backed up by solid technology which meant it was price competitive in what is a difficult market," judges said.
The car rental company said proceeds from the offering will be used to partially fund its proposed acquisition of Dollar Thrifty.
The new location in St. Juan will offer shuttle service to the international airport, as well as delivery services to multiple locations within the city center.
Since the start of the car2go operations, more than 80,000 rentals have been completed throughout the greater downtown Austin area with average usage between 30 and 60 minutes per rental.
The new Spride Share pilot program enables car owners to loan their vehicles to the more than 13,000 screened and qualified members of City CarShare.
Denny Hecker’s co-conspirator was part of a scheme that defrauded Chrysler Financial.
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