Hertz shares jump after board adopts 'poison pill' stock plan

8:42 am U.S. ET | Jan. 1, 2014
Hertz Global Holdings rose to a record high after the largest publicly traded rental-car company said it adopted a so-called poison pill upon seeing “unusual and substantial activity” in its stock....
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GM, Chrysler sales lifted by strong demand

12:01 am U.S. ET | Dec. 9, 2013
General Motors’ November sales rose 14 percent on strong retail demand across its four brands, while the average price of a GM vehicle rose to a record high of $34,896....
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Sinkhole no more: Fleet shapes up

12:01 am U.S. ET | Nov. 18, 2013
The Detroit 3 have in recent years stopped dumping surplus cars into daily rental fleets and repurchasing them at pre-set prices. That has shifted more of the financial risk of resale to fleet operators, which have developed more outlets to resell used vehicles....
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In October, fleet again takes a back seat to retail

12:01 am U.S. ET | Nov. 11, 2013
Robust retail sales again drove U.S. light-vehicle sales in October, and many automakers continued to slow down on fleet volume....
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Hertz expects to double its retail vehicle sales in 2 years

4:11 pm U.S. ET | Nov. 5, 2013
Hertz Global Holdings plans to at least double the number of retired rental vehicles it sells to retail consumers over the next two years, its top executive said today....
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Ford recalls F-series ambulances

3:34 pm U.S. ET | Nov. 4, 2013
Ford is recalling 3,095 F-series ambulances because of a potential defect that might cause the vehicles to stall and not restart for at least an hour....
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Recycling rental cars, before they're retired

4:18 pm U.S. ET | Nov. 1, 2013
Avis Budget Group sure knows how to get the most out of its rental cars. Many of its cars do double- or even triple-duty before being sold online directly to dealers and to consumers....
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Nissan's taxi slap could be you next time

3:16 pm U.S. ET | Oct. 29, 2013
Nissan's competitors no doubt find it gleeful that just three weeks before the launch of its New York City yellow taxi, the city welched on the deal. Nissan had envisioned $1 billion in sales from its New York taxi contract. And it might or might not still see that. Nissan dealers have begun selling the taxi there anyway....
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Chevy to keep fleet Impala until '16

12:01 am U.S. ET | Oct. 26, 2013
The Impala Limited won't be so limited after all. General Motors will continue to sell the fleet-only version of the Chevrolet sedan until 2016, about two years longer than the company previously had indicated....
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Ford to sell Transit Connect Taxi in global markets

1:30 am U.S. ET | Oct. 21, 2013
The Ford Transit Connect Taxi is going global as the automaker announced that it would begin selling the vehicles in Hong Kong in early 2014....
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Electric car rentals hampered by range anxiety

12:01 am U.S. ET | Oct. 15, 2013
Rental car drivers just aren't plugging into electric vehicles, largely because of fears the batteries will die. In fact, people who drive off in electric vehicles from Enterprise Holdings, the biggest auto renter in the United States, often bring them back to trade for a car that runs on gasoline....
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Nissan ready to pitch low-cost version of Titan for fleet sales

12:01 am U.S. ET | Oct. 14, 2013
As Nissan completes the first redesign of its Titan full-sized pickup, the company hopes to broaden the truck's appeal with more configurations aimed at fleet buyers....
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Tesla EVs offered by Hertz at Calif. airports

9:02 pm U.S. ET | Sept. 26, 2013
A handful of Tesla Motors electric cars are now available for rental at two California airports by Hertz Global Holdings, which is adding more upscale autos to its fleet....
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Zipcar boosts Detroit car-sharing fleet to 40 vehicles from 10

4:36 pm U.S. ET | Sept. 25, 2013
Car-sharing company Zipcar said it expanded its Detroit fleet to 40 vehicles from 10....
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In August, a strategic retreat from fleet

12:01 am U.S. ET | Sept. 16, 2013
The big surge in U.S. retail sales last month was possible only because automakers anticipated huge demand from showroom buyers and slashed less-profitable fleet deliveries virtually across the board....
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Used-vehicle forecast: Softer prices, better selection

12:01 am U.S. ET | Sept. 9, 2013
An industrywide uptick in used-vehicle volume into 2014 will soften prices of those vehicles, forecasters and industry executives predict....
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Fleet sales now seen as profit maker with sales revival

10:53 am U.S. ET | Sept. 3, 2013
Sales of cars and trucks to fleets, a $65 billion slice of annual auto purchases in the United States, no longer has to be viewed as the naughty side of the industry. Few aspects of the auto market capture the changes that will keep the Detroit automakers' profits humming as well as fleet sales, the discounted deliveries to large buyers such as rental-car companies, utilities and governments that make up about a fifth of the industry’s total....
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BMW aims to expand car sharing in U.S.

12:01 am U.S. ET | Sept. 1, 2013
BMW wants to expand its DriveNow car-sharing program to U.S. cities that will allow its electric vehicles to be picked up and dropped off on public streets....
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