Moody's Lowers Hertz Ratings
The ratings agency cites as factors the weak demand for automobile and equipment rental into 2010, and the cost of refinancing Hertz's considerable maturing debt.
The ratings agency cites as factors the weak demand for automobile and equipment rental into 2010, and the cost of refinancing Hertz's considerable maturing debt.
The current challenging economic climate has warmed people to the idea of renting, and not buying, certain goods.
Jim Campbell, general manager for GM Fleet and Commercial Operations, releases a statement, explaining the new GM will honor fleet and warranty commitments.
The three passengers were seriously injured when the four-wheel-drive vehicle rolled over.
As a part of its Prestige Collection, Hertz has included SIRIUS XM Radio as a complimentary standard feature in every vehicle in the collection's line-up.
Effective July 6, Avis renters at airport locations in Ft. Lauderdale, Miami, Orlando, Tampa and West Palm Beach can rent AT&T CruiseCast for $8.95 per day or $62.65 per week.
Alamo and National end its “Florida Drive-Out” promotion several weeks earlier than planned, citing the volume of reservations exceeded fleet capacity.
The redesigned Payless Car Sales Franchise Program incorporates a number of new services and resources for participating dealers, including a pre-owned certification program, centralized financing options, and cooperative branding, sales and marketing resources.
Car share members at the EV Pod in London can now drive an all-electric vehicle (EV) Citroën c1 and a plug-in hybrid (PHEV) Toyota Prius.
The Phoenix, Ariz. company is assessed a $100,000 fine after admitting that it sometimes charged renters but did not replace the glass when a vehicle's windshield was chipped.
Lightner was the executive vice president of Ohio Vehicle Leasing Association as well as the 2004 recipient of William H. Brown memorial award for outstanding service to the car rental industry.
Wisconsin's new state budget includes a provision that would allow the Southeast Regional Transit Authority to raise the car rental fee from the current $2 to $18.
Other popular vehicles in the Cool Car collection include the Chevrolet Corvette, Cadillac CTS, Ford Mustang and Toyota Prius.
The Maryland Science Center recently announced that it will make a fleet of Maya 300 electric cars available for rental and ride share.
Production stoppage is causing a shortage of some Chrysler vehicles, causing stability in pricing and profit margins.
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