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The Federal Trade Commission (FTC) has approved final consent orders with CarMax, Asbury Automotive Group, and West-Herr Automotive Group, settling charges that they touted how rigorously they inspect their used cars, yet failed to adequately disclose that some of the cars were subject to unrepaired safety recalls.
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Despite highlighting their inspections, the Federal Trade Commission alleges that CarMax, West-Herr Automotive Group, and Asbury Automotive Group failed to adequately disclose that some of their vehicles had open recalls, including the Takata airbag defect.
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The U.S. Federal Trade Commission has announced its approval of the sale of 12 Advantage Rent A Car locations to Avis Budget Car Rental LLC and 10 locations to The Hertz Corp.
Read More →The Federal Trade Commission (FTC) has approved an application by Franchise Services of North America Inc. (FSNA) to sell its Advantage Rent A Car business to The Catalyst Capital Group Inc.
Read More →Catalyst Capital Group Inc.’s bid for bankrupt Advantage Rent A Car was approved at auction yesterday over the only other bid, from Sixt.
Read More →The modified final order adjusts some of the dates by which Hertz must transfer certain airport rental locations, clarifies some details regarding the possible resale of the divested assets and notification of key staffing changes.
Read More →According to the FTC’s complaint, Hertz’s original proposed acquisition of Dollar Thrifty would be anticompetitive and would violate both Section 5 of the FTC Act and Section 7 of the Clayton Act, in a number of airport car rental markets.
Read More →While the company remains interested in obtaining FTC approval, Hertz announced Oct. 27 that it is withdrawing its exchange offer, which would have expired Nov. 1.
Read More →Hertz has received a request for additional information from the FTC relating to Hertz's proposed acquisition of Dollar Thrifty.
Read More →Many vehicles in rental fleets are rated "good" in head-on crashes, but a large disparity exists in their safety ratings in side, rear and rollover crashes.
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