Knighthead, Certares Return with New Counteroffer for Hertz
The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
April 18, 2021
The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
April 18, 2021
Ford’s BlueCruise system is an SAE Level 2 driver-assist technology similar to Tesla Autopilot. Yet unlike AutoPilot, Ford’s Hands-Free Mode does not require a driver’s hands to stay in contact with the steering wheel, unless prompted by vehicle alerts.
April 14, 2021
With travel booming in warm-weather destinations and a shortage of rental vehicles due to the pandemic, some travelers are facing rental prices of more than $300 a day – or up to $500 a day in certain high-demand areas.
April 13, 2021
Green Motion Jordan will initially be supporting the Jordanian capital of Amman, and Queen Alia International Airport.
April 13, 2021
CarTrawler’s partnership will provide more car rental options for customers on Hopper’s travel booking app.
April 13, 2021
Specializing in short- and long-term car rental and leasing, Avalon Transportation has expanded its services at its location in Santa Clara, Calif.
April 13, 2021
Free2Move, a mobility brand of Stellantis, will help Europcar Mobility Group reach its goal of having all its vehicles 100% connected by 2023.
April 13, 2021
Powered by sherpa, the COVID-19 Travel Advisor is now part of several Expedia Group consumer brands to simplify the experience for people seeking guidance in destinations they hope or plan to visit, such as quarantine and COVID-19 testing requirements.
April 12, 2021
A contractor that shuttled cars between Seattle-Tacoma International Airport and nearby Avis Budget locations is not considered a transportation employer under the city of SeaTac’s $15 minimum wage law.
April 12, 2021
Reporting its full-year 2020 Results, Europcar Mobility Group cited limited visibility on when rental car demand will recover; U.S. business a bright spot.
April 12, 2021
As rising damage claims are now a significant barrier to profits for self-insured P2P platforms, those platforms are looking to minimize their losses in any way possible. The vehicle owners are the ones who suffer.
April 7, 2021
The savings on installation and operations enables utilities and site hosts to rapidly and affordably deploy fast chargers to meet EV demand, according to an independent study.
April 6, 2021
Pratley will spearhead the global growth strategy for Fourth Tier’s ERA car rental software solution.
April 5, 2021
In yet another victory under the Graves Amendment, this new decision involving SDI v. Brown reimburses SDI more than $60,000 for prevailing on a $2,200 dispute.
April 5, 2021
Hertz chose the renegotiated proposal over a competing one from Certares and Knighthead Capital. The plan keeps Hertz on track to exit Chapter 11 in June.
April 4, 2021