Hertz CEO Koch to Step Down
PARK RIDGE, N.J. --- Hertz Corp. chairman and chief executive Craig Koch is leaving his post at the rental agency Jan. 1, 2007, after 34 years with the company.
PARK RIDGE, N.J. --- Hertz Corp. chairman and chief executive Craig Koch is leaving his post at the rental agency Jan. 1, 2007, after 34 years with the company.
Over the past five weeks, retail gas prices have fallen a total of 55.2 cents per gallon, with this week's 10.4 –cent drop bringing the national average to 237.6 cents per gallon.
WASHINGTON --- The OpenTravel Alliance announced the appointment of Valyn Perini as its executive director.
Carson, Calif. –-- Enterprise Rent-A-Car announced in October Mark Verbois as the new regional vice president in the San Diego and Oceanside regions and Mike Brewer as the new regional rental manager in the North Long Beach, Cerritos and Whittier regions.
TULSA, Okla. --- Dollar Thrifty Automotive Group, Inc. reported results for the third quarter ended September 30, 2005, with total revenues of $456.7 million, an 8.5 percent increase over the same period last year.
TULSA, Okla. -- Dollar Thrifty Automotive Group, Inc. has acquired Thrifty Car Rental operations in New Mexico after purchasing a local operator.
PHOENIX -- DriveTime, an integrated used vehicle sales and finance company, has acquired several thousand 2006 Hyundai Elantra GLS models for delivery to rental accounts beginning December 2005.
Cendant Corp. has announced that the company is planning a break up, dividing into four independent, publicly traded businesses.
SAN PEDRO, Calif -- Port of Los Angeles harbor commissioners this month were briefed on a new plan to repurpose two of the Port's major air quality improvement initiatives in order to buy road haul trucks and in-port cargo handling equipment that run on alternative fuels.
WASHINGTON D.C. -- Senate Majority Leader Bill Frist (R-Tenn.) last week called for hearings to answer questions about the oil industry's record profits at a time of rising fuel costs.
PARSIPPANY, N.J. -- Budget Rent A Car System, Inc. introduced Oct. 15, "Budget By The Month," a program designed for customers renting a car for 30 days or more.
PARK RIDGE, N.J. -- Hertz reported a third-quarter pre-tax profit of $262 million, an improvement of $13 million from the same period in 2004.
Gardena, Calif. -– Enterprise Rent-A-Car has named Chris Sbarbaro as the new group vice president of sales and marketing for its Southern California operation.
Parsippany, N.J. -- Avis Rent A Car System has added real-time traffic updates to Avis Assist, the company's portable GPS navigation system.
LOS ANGELES -- As a result of the relationship between EagleRider, which specializes in renting Harley-Davidsons and other motorcycles, and Hilton Grand Vacations Corp., more than 90,000 members of HGVC and the Hilton Club can now rent from EagleRider through their club membership.
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