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Because rental cars move around so much, it can take weeks or months for the company to find out a model has been recalled, which leads to a much longer time period before repairs take place.
Read More →Dollar Thrifty Automotive Group increased net income from $45 million in 2009. The company noted that rental revenue was flat on a year-over-year basis and also discussed the status of a potential merger with Avis Budget Group.
Read More →Company grows North American rental fleet to nearly 30,000.
Read More →Presented by investment banker Scott White, the seminar, “How to Explain Car Rental to Banks and Investors,” will cover the arguments and explanations White has used successfully in car rental’s biggest mergers and acquisitions and financing deals.
Read More →An Australian company installs GPS devices in its vehicles. One privacy group says the move “seems excessive.”
Read More →Company reports full year 2010 worldwide revenues of $7.6 billion, up 6.5% over prior year, and a net loss, on a GAAP basis, of $48 million, compared with a net loss of $126 million for 2009.
Read More →Peter Kelly, Co-Founder, President and former CFO of OPENLANE, takes on the new role effective immediately.
Read More →J.D. Power recently released a cross-industry report titled, “Achieving Excellence in Customer Service” that names 40 companies as 2011 Customer Service Champions.
Read More →Ace Rental Cars, which operates in Australia and New Zealand, will continue to operate under its existing brand as an independent subsidiary.
Read More →Avis Budget Group reported net income of $54 million in 2010, compared with a loss of $47 million in 2009. The company’s 2010 fourth quarter loss totaled $24 million, compared with a $49 million loss a year earlier.
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