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Legal & Legislativeby StaffJune 9, 2010

O’Hare Car Rental Fee Closer to Reality

The $8-per-day fee would pay for a consolidated rental car center to accommodate two new runways at the airport. The new fee would go on top of a flat $2.75 fee on O'Hare rentals and an 8 percent tax.

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Legal & Legislativeby StaffJune 9, 2010

U-Haul Settles FTC Charges of Price Fixing

The Federal Trade Commission’s complaint alleges that on several occasions between 2006 and 2008, U-Haul tried to increase rates for one-way truck rentals by privately and publicly communicating with Budget. The proposed settlement order against U-Haul and its parent company, AMERCO, bars them from colluding or inviting collusion for 20 years.

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Rental Operationsby StaffJune 9, 2010

Hertz Offers Notes in Private Placement

The car rental company said proceeds from the asset-backed notes will be used to fund vehicle purchases and general purposes, as well as repay debt.

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Remarketingby StaffJune 9, 2010

Economy, Cheap Gas Drive Market Demand

Affordable gas prices keep truck and SUV demand high while hybrids soften. The continued negative economic outlook drives strong subcompact and compact values.

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Rental Operationsby StaffJune 9, 2010

Zipcar’s Bumpy Road Ahead in the Car-Sharing Market

The car-sharing company posted a $5.3 million loss in the first quarter of 2010, which it said was driven by an increase in fleet and administrative expenses. The company also faces long-term debt of $26.9 million, but has access to another $10 million from which it can borrow.

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Rental Operationsby StaffJune 9, 2010

New Web Site Helps Consumers Shop for the Best Promo Codes

The Web site, AutoSlash, searches for all of the promotional codes posted by the car rental companies and applies the best discount to a customer’s trip itinerary. The Web site also does a secondary review after a reservation is made to make sure it applied the best promo code.

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Rental Operationsby StaffJune 9, 2010

Enterprise Holdings Pledges to Reduce Energy Use, Energy Costs by 20 Percent Over Next Five Years

The car rental company’s “20/20 Vision” sustainability initiative will focus on reducing electricity, natural gas and water consumption across its Alamo, Enterprise and National Car Rental Brands.

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Remarketingby StaffJune 9, 2010

Hertz Rent2Buy Offers Customers Finance Options Through Chase

Chase Auto Finance gives Rent2Buy customers, who buy used vehicles from Hertz’s online car-sales program, a full range of financing options. Chase was the No. 1 auto lender in the United States in new loan production in 2009, lending $23.7 billion to finance 1.1 million new- and used-vehicles for consumers.

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Legal & Legislativeby StaffJune 2, 2010

Coalition Succeeds in Effort to Stop Repeal of Graves Law

The TRALA, other industry associations, rental companies and vehicle manufacturers formed a diverse coalition, which stood in opposition Congressman Braley’s amendment to the Motor Vehicle Safety Act of 2010 to repeal the Graves Law.

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Rental Operationsby StaffJune 2, 2010

Edmunds: Ford Expected to Keep its Customers if Mercury Brand is Discontinued

Edmunds.com's cross-shopping analysis indicates that 46 percent of Mercury shoppers currently consider Ford vehicles, and that Chevrolet and Honda are also popular alternatives.

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