Hertz Posts $474M Net Loss for 2016
For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.
Wheelsys, LTD (Wheels Car Rental System)
Argo Development Systems, Inc.
CarTrawler
For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.
This partnership captures all rental data electronically, including video and photo, contracts, and signatures.
By partnering with CarTrawler, Justfly.com customers will have direct online access to CarTrawler’s variety of choices for car rental, taxi, private transfer, shuttle, and bus transfers.
With support of PSA Group and MAIF, an insurance company, French-based TravelCar is launching its peer-to-peer carsharing service in the United States at the Los Angeles and San Francisco airports.
Uber will be offering rides in its autonomous vehicles in Tempe, Ariz., two months after leaving California.
As part of the ride-hailing company’s 2017 expansion, Lyft has launched in 50 new U.S. cities, including Iowa City, Bismarck, N.D., Augusta, Ga., Topeka, Kan., Flint, Mich., St. Cloud, Minn., and Columbus, Ohio.
New-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.
In a recent audit, Denver Auditor Timothy O’Brien found that the Denver International Airport lost nearly $1.5 million in rental car concessions over two years.
Customers of Jetstar, a low-fare airlines based in Australia, will now have access to CarTrawler's network of car rental and ground transportation options.
Sixt rent a car has launched its new Sports & Luxury Cars website to better serve its customers. Sixt has expanded its premium vehicles fleet and set up a central reservation and advisory center.
In lieu of a printed event guide, the 2017 International Car Rental Show will be bringing back its mobile app, which includes the entire show program.
Skurt, a transportation service that delivers rental cars, has raised $10 million in Series A funding. The round was led by Upfront Ventures.
Richmond Airport’s Enterprise Car Rental told police that the vehicle was stolen some time in December 2014, but it wasn’t noticed until last week after an inventory check.
Enterprise Holdings has released its first documentary film, which features a small town in Minnesota that has produced several professional hockey players. The film is part of Enterprise’s contact strategy focused on storytelling that inspires.
Turo, a peer-to-peer carsharing marketplace, will be using Yhat’s ScienceOps software to power its car rental app. The software will provide data-driven pricing and vehicle recommendations to people listing and renting cars via the app.
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