Avis Budget Group. Inc. has announced Tuesday that it will abandon its efforts to acquire Dollar Thrifty Automotive Group Inc., due to market conditions. “We have decided not to pursue a transaction at this time in light of current market conditions,” Avis said today in a regulatory filing. Avis’ bid for Dollar Thrifty came in [...]
Hertz has decided to broaden their vehicle fleet by adding a couple electric cars. Available for customers in San Francisco and those a part of Hertz’s On Demand program, renters can now choose from the Nissan LEAF, the Smart EV, or the Mitsubishi i. Included with the EVs up for rental, Hertz will also provide [...]
If you live in or travel to France, Germany Spain and the UK quite often, we have a little tip for you. Hertz has introduced the Lotus Evora for exclusive hire in several European markets (the ones we mentioned above) for the Adrenaline Range in Europe. The Adrenaline Range is similar to the Adrenaline Collection [...]
Ever end up with a boring rental – one that’s all about saving you gas, is compact enough to make you feel environmentally friendly and goes like a snail? Hertz has something that will get your adrenaline pumping. The rental car company today announced its Adrenaline Collection, that features “head-turning, heart-pumping specialty performance versions of [...]
Hertz, which is the largest publicly traded rental-car company, offered a bid to buy Dollar Thrifty Automotive Group Inc. for $2.24 billion in cash and stock. The bid tops one made by Avis about a year ago. Hertz’s bid comes in at $72 a share, 24 percent more than Avis’s offer. After Hertz made its [...]
Hertz rental and equipment company said Tuesday that it is launching a new program to sell its used rental cars to dealers, via the internet. The website, dubbed ‘Dealer Direct’, will offer dealers real-time stats on Hertz’s inventory, and lower the cost that dealer’s pay for the vehicles, because of the new lack of middlemen. [...]
Coda announced at the 2010 LA Auto Show that its electric sedan will be delayed until the second half of 2011. Around that time Hertz Corporation, the world’s largest general use airport car rental brand, said that it will rent Coda’s electric sedan through Hertz’s California locations as part of the Hertz Global EV program. [...]
Hertz has ended is quest to acquire Dollar Thrifty Automotive Group Inc. after shareholders rejected the $1.44 billion deal, and will work to expand its Advantage brand and U.S. off-airport business. With Hertz out of the way, Avis has a clear shot at a takeover with its $1.53 billion takeover offer. “We respect the vote [...]
Hertz rental car-company announced last week that it has agreed to buy Dollar Thrifty Automotive Group Inc. for about $1.2 billion in cash and stock. Now if someone offered to buy our company, we’d at least shop around to see how much others will offer, seeing what is the most we can get out from [...]
Hertz Corporation, the world’s largest car rental brand, confirmed that it has entered into a joint commitment with Nissan to bring its Nissan Leaf electric-vehicle to car rental in the U.S. and Europe by early 2011. Hertz said that under the terms of their Memorandum of Understanding, the rental company will develop a program to [...]
