Hertz to Sell Donlen for at Least $875 Million
Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets of Donlen to Athene Holding.
November 30, 2020
Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets of Donlen to Athene Holding.
November 30, 2020
Merchants Fleet is launching a national fleet leasing and rental program for logistics brokers through a new partnership with a third party administrator for final-mile delivery companies.
October 19, 2020
Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.
September 1, 2020
Taylor will become one of the highest-ranking women among the world’s largest travel companies and one of the top female CEOs across all industries, based on company revenue.
December 11, 2019
Founded in 1969 by Roger Penske, the company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.
December 3, 2019
In the 2019 fiscal year, the organization recorded more revenue, transactions, vehicles, locations, and customer miles logged than ever before.
October 20, 2019
Pam Nicholson, CEO of Enterprise Holdings, will retire at year's end. Her successor will be named after a meeting of the company’s board of directors in December.
October 4, 2019
A claim made by the California's franchise dealers asserts that Volvo Car USA's Care by Volvo violates the state's vehicle code by creating competition between the automaker and its dealers.
August 20, 2019
The move makes Carolyn Kindle Betz and Christine Taylor among the highest-ranking women in the global car rental, automotive, and travel industries.
December 11, 2018
Merchants Fleet Management launched a new rental program with flexible terms designed for industries in need of light-duty, all-wheel drive trucks.
October 29, 2018
Pam Nicholson, president and chief executive of Enterprise Holdings, has landed at No. 17 on Fortune's list of the 51 Most Powerful Women in Business that also includes GM's Mary Barra, Facebook's Sheryl Sandberg, and Oprah Winfrey.
September 24, 2018
Aptiv's technology powers safe and reliable AVs in cities worldwide with Las Vegas serving as the initial North American commercial deployment market.
July 31, 2018
Wheels, Inc. will begin offering commercial fleet clients access to Uber for Business to allow drivers to utilize the ride-hailing service and centralizing billing of the trips.
May 4, 2018
Donlen has embraced mobility as a service for some commercial fleets, and has set up an internal team to offer carsharing, ride-hailing, short-term vehicle rentals, and other products, the company's mobility leader told Automotive Fleet.
November 22, 2017
Donlen has updated its corporate logo to closer align the fleet management company with its corporate parent, Hertz Global Holdings, by adopting a black-and-yellow color scheme.
November 20, 2017