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Hertz and other agencies have raised rates to remain profitable, and more companies are considering doing the same.
Read More →Avis Budget Group cuts 700 jobs and records a third quarter loss of $1.0 to $1.2 billion. However, analysts predict the company will stay compliant with its debt covenants.
Read More →In an unexpected move, the Federal Trade Commission (FTC) announced that it will delay its planned enforcement deadline of the Red Flags Rules to May 1, 2009.
Read More →Zipcar is adding nearly two dozen new schools to its program as well as adding more vehicles to existing campuses.
Read More →Renting with Advantage in select cities can earn up to 10,000 miles
Read More →Its growth in Arizona prompted Advantage to open the new facility serving the Tucson International Airport.
Read More →Enterprise is one of eight recipients of the 2008 Global Vision Awards based on new travel and tourism standards.
Read More →Michael Millman of Soleil Securities says the move might allow the company to act on strategic alternatives more quickly. The analyst expects Hertz to acquire the company.
Read More →The used-vehicle market is feeling the impact of double-digit year-over-year declines in retail sales resulting from a lack of traffic and diminished credit availability.
Read More →Fitch says the affirmation of Hertz's ratings reflects the strength of the company's stable market position, positive free cash flow generation, and good collateral coverage for its debt.
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