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The increase in margin was primarily due to a 19 percent decline in per-unit fleet costs, including gains on vehicle dispositions, lower vehicle interest costs and incremental savings from the productivity initiatives.
Read More →During the Mid-Autumn Festival, all cars costing no more than 200 yuan a day to rent were fully booked.
Read More →The acquisition is expected to close in early October, subject to regulatory clearances and final court approvals.
Read More →Fitch believes the acquisition is a good and complementary strategic fit, strengthens the company's competitive position within the sector and adds diversity to the revenue stream. As well, Fitch does no longer thinks that the acquisition of Dollar Thrifty is a priority for ABG.
Read More →Purchase price is approximately $1 billion total. “While Avis Budget will continue to monitor the Dollar Thrifty situation, the Company's focus squarely will be on completing and integrating the significant acquisition of Avis Europe,” according to a press statement by the companies.
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