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 »
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 »
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 »
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 »
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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