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The rental car provider will use the Peopleclick Authoria talent management suite to manage employee lifecycles and identify future organizational leaders.
Read More →The center will assist retail customers, business people and government employees with car and equipment rental needs.
Read More →Although Dollar Thrifty has already signed a merger agreement with Hertz Global Holdings, Avis has expressed interest in making a ‘substantially higher bid’ for the company.
Read More →Avis is looking to take on more debt to finance the deal. The offer, which would top Hertz’s $1.2 billion bid, could come in late July or early August.
Read More →The car rental company closed an offering of €400 million in senior notes and completed a €220 million revolving credit facility. It also plans to close a €400 million asset-backed securitization facility tomorrow.
Read More →The car rental company expects second quarter improvements on guidance, though it is lowering revenue guidance, along with fleet costs, for full year 2010. Avis Budget bid likely before Aug. 18, analysts say.
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At the 2010 Car Rental Show, Jim Tennant of the Tennant Group held a profit idea session in which six products, services and ideas were presented that operators could bring home and employ in their businesses. Seminar attendees voted on the best idea. The winner, Sarah Romanowski of Ride Share Systems LLC, received a free pass to a future Car Rental Show. These six concepts could reduce expense and boost your bottom line.
Read More →Industry analysts caution that the FTC’s second request should not be viewed as either leaning toward approval of or against the acquisition.
Read More →Avis expects the regulatory review process to take several months and believes it is under no immediate pressure to bid for Dollar, according to people familiar with the situation.
Read More →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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