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.
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.
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.
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.
Catalyst Capital Group Inc.’s bid for bankrupt Advantage Rent A Car was approved at auction yesterday over the only other bid, from Sixt.
The most recent court documents give clues as to what may have happened to Advantage Rent-A-Car.
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.
As fleet sales and the used car market finally get back to normal, the land rush for vacated airport locations will produce a ground war on rates.
Who will get the vacated Dollar Thrifty airport counters and what will happen to rates?
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.
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