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Turo Plans to Go Public
CEO Andre Haddad is undecided on whether to raise capital through a traditional IPO or a special-purpose acquisition (SPAC).
CEO Andre Haddad is undecided on whether to raise capital through a traditional IPO or a special-purpose acquisition (SPAC).
Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.
James Adams, an industry-experienced leader and proven e-commerce expert, is taking over this position and with it the management of the newly formed "E-Commerce & Revenue Management" unit, which covers e-commerce, pricing and yield management, and advanced profit and AI.
Hertz's closure at three Wyoming airports has put 11 people out of work.
Through its new Rent & Drive program, the Italian lifestyle brand is renting 16 classic cars, including a 1956 Mercedes-Benz 200 SL Gullwing, 1961 Maserati 3500 GT Vignale Spider, and a 1963 Ferrari 250 GT Lusso.
The family-owned independent, an affiliate of Nextcar, runs a shuttle from its off-airport location directly to the airport terminals.
This State of the Fleet Industry video takes a look back at 2020, the most challenging year in the history of the fleet industry.
The world’s largest fleet media company grows its established Global Fleet Conference – more formats, more content, and more platforms.
In addition to offering a free rental day to help voters on Election Day, Hertz provided $2 million worth of free month-long car rentals to more than 2,000 New York City healthcare workers.
With over 20 years of history and 650 Toyota dealers already successfully using TSD, the decision to formalize the partnership allows dealers to take full advantage of TSD’s rental and reservation platform.
Most Americans who decide to travel will do so by car, with road trips accounting for 96% of holiday travel.
On the heels of a successful multi-month, joint pilot program at key retail locations, Dealerware now offers Toyota’s popular vehicle rental program an elevated, customer-centric and cost-efficient experience.
This year, the car rental industry debuted with a score of 76 (based on surveys from January to March 2020). From April to September 2020, overall customer satisfaction remains unchanged.
Chances of re-fleeting to meet recovery demand "will be a big problem," says head of Irish car rental association.
Overall revenue of $23.22 billion lowest since 2011; year-over-year drop unparalleled.
This ad for Saunders Drive it Yourself, believed to be the first car rental company in the U.S., was recently found in an Omaha phone book from 1926.
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