Carmakers refine rental test drives 12:01 am U.S. ET | April 1, 2013  Automakers are becoming more sophisticated in how they work with car-rental outfits. They're tapping technology to bolster the test-drive aspect of a rental experience make a more direct sales pitch.... Read More »
Zipcar taps ad agency Campbell Ewald, hires new CMO 2:01 pm U.S. ET | Feb. 22, 2013  Hourly car rental firm Zipcar, in the process of getting a new parent company, has selected Interpublic Group's Campbell Ewald, the former longtime Chevy ad agency, as its new global creative and brand strategy agency, the company said in a statement.... Read More »
BMW pursues Daimler in making car-sharing operations profitableJan. 26, 2013 06:15 CET  BMW plans to earn the first profit in 2013 from a two-year-old venture that rents cars by the minute. The automaker hopes to overtake Daimler with a push to woo urban consumers who are looking for an alternative to owning a vehicle.... Read More »
Avis Budget, Zipcar to share cars 12:01 am U.S. ET | Jan. 7, 2013  Avis Budget Group Inc.'s proposed purchase of Zipcar Inc., a car-sharing company, will enable the combined company to meet swings in customer demand with fewer vehicles, the top executive at Avis Budget said. The result could be annual savings of $50 million to $70 million.... Read More »
Avis Budget acquires car-sharing service Zipcar for $491 million 7:34 am U.S. ET | Jan. 2, 2013  Avis Budget Group agreed to buy U.S. car-sharing company Zipcar for $491 million, targeting consumers looking for an alternative to owning their own auto.... Read More »
Hertz to divest more outlets to win approval of Dollar Thrifty deal, report says 1:50 pm U.S. ET | Nov. 12, 2012 Hertz has agreed to shed more airport locations than previously offered, which may lead the Federal Trade Commission to allow the $2.6 billion acquisition of Dollar Thrifty Automotive Group Inc. to go forward, two people familiar with the negotiations told Bloomberg.... Read More »
Hertz bid to buy Dollar Thrifty said to raise U.S. antitrust concerns 12:11 pm U.S. ET | Oct. 26, 2012  Hertz Global Holdings’ bid for antitrust clearance to buy Dollar Thrifty Automotive Group has met resistance at the Federal Trade Commission, according to people familiar with the situation.... Read More »
Rental car companies agree not to rent recalled cars 9:10 am U.S. ET | Sept. 28, 2012  Leading car rental companies have agreed to back Senate legislation to pull vehicles from the road when recalled for safety defects, lawmakers and the firms said on Thursday.... Read More »
Zipcar eyes loyalty program for frequent customers 10:19 am U.S. ET | Sept. 27, 2012  Zipcar, the company that rents cars by the hour or day, said it's "pretty likely" to begin offering a loyalty program that rewards frequent users. CEO Scott Griffith said that such a program may go into effect as early as next year.... Read More »
Hertz: Merger means more cars -- eventually 12:01 am U.S. ET | Sept. 3, 2012 Hertz Global Holdings Inc.'s proposed acquisition of Dollar Thrifty Automotive Group Inc. could reduce the combined rental-car company's new-car purchases in the near term but lead to more vehicle purchases eventually.... Read More »
Hertz merger could shift how rental fleets are supplied 10:54 am U.S. ET | Aug. 28, 2012  Hertz' proposed acquisition plan for Dollar Thrifty Automotive calls for Hertz to increase its business over the long term, which eventually will mean buying more vehicles than the two companies currently buy, said a Hertz spokesman. But the two companies also say they expect the merger's synergies to include annual savings of $65.6 million in fleet costs.... Read More »
Hertz to buy Dollar Thrifty for $2.6 billion 7:27 am U.S. ET | Aug. 27, 2012  Hertz Global Holdings, led by former Tenneco Automotive chief Mark Frissora, struck a deal to buy Dollar Thrifty Automotive Group for about $2.6 billion in cash and secure its place as the second-largest player in the United States market.... Read More »
Hertz said to be near $2.56 billion cash deal for Dollar Thrifty 3:34 am U.S. ET | Aug. 26, 2012  Hertz Global Holdings is near a deal to acquire Dollar Thrifty Automotive Group and an agreement may be announced early next week, three people familiar with the negotiations said.... Read More »
Dollar Thrifty calls for end to takeover saga 1:35 pm U.S. ET | Aug. 1, 2012  Dollar Thrifty Automotive Group, considered the last big prize in the domestic car rental industry, urged Hertz Global Holdings to put an end to two years of fruitless takeover offers by making a compelling bid to settle the matter once and for all.... Read More »
Toyota to launch short-term car-sharing service in Japan, report says 2:16 pm U.S. ET | July 24, 2012 Toyota will launch a car-sharing service through affiliated car-rental shops across Japan, the Nikkei reported today. Car-sharing services, such as Zipcar, have taken off as they let customers hire a car for an hour or less at a time. Hertz has also entered the business.... Read More »
REMARKETING How AutoNation gains from Avis Budget deal 12:01 am U.S. ET | July 23, 2012  A deal that allows AutoNation Inc.'s online used-car operation to help Avis Budget Group sell retired rental vehicles directly to consumers is providing the retailer with a new venue to buy used vehicles and sell finance and insurance products.... Read More »
Q&A: How data is driving Zipcar's explosive growth 11:15 am U.S. ET | July 9, 2012  Since joining Zipcar more than three and a half years ago, Chief Marketing Officer Rob Weisberg has seen the brand grow leaps and bounds. The car-sharing company is quickly expanding into new markets and offering its services to more U.S. cities and college campuses by the hour. It's also begun expanding into markets such as the U.K. and has its sights set on further overseas growth.... Read More »
AutoNation helps Avis Budget sell used cars 12:01 am U.S. ET | June 25, 2012 AutoNation Inc.'s online used-car operation is helping Avis Budget Group sell retired rental vehicles directly to consumers, a move that could reduce the number of vehicles available to dealers through auctions.... Read More »
Enterprise follows Hertz into Zipcar's hourly rental niche 1:27 pm U.S. ET | June 5, 2012  Enterprise Holdings is making a move into hourly car rentals this year, joining Hertz Global Holdings in going after the growing niche created by Zipcar. Zipcar created the business of hourly car rental in 2000 and is still the leader in the segment, with about 500,000 U.S. members and about 9,000 vehicles... Read More »
Auto auctions differ in policy on sales of recalled vehicles 12:01 am U.S. ET | June 4, 2012 There is no consistent industrywide policy on how auto auction companies handle the sale of vehicles that have been recalled but not yet repaired, based on their responses to a recent controversy and legislation introduced in the Senate.... Read More »
Enterprise, Avis Budget join Hertz in pledge to not rent vehicles under recall 3:45 pm U.S. ET | May 24, 2012 Car-rental companies Enterprise Rent-A-Car and Avis Budget Group Inc. said today that they have pledged not to rent or sell recalled vehicles that have not been repaired. The actions are in response to U.S. Sen. Barbara Boxer's letter this month to the CEOs of three leading U.S. car-rental companies -- Enterprise, Avis, and Dollar Thrifty -- asking them to adopt such a policy.... Read More »
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