Rental Car Companies

RENTALS ROCKED

Costs add up as companies forced to park recalled vehicles

12:01 am U.S. ET | Aug. 25, 2014
Through July, the cost of the recalls to Avis Budget Group Inc. was at least an "eight-digit number," said CEO Ronald Nelson....
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Sixt says BMW car-sharing venture is profitable in most cities

Aug. 21, 2014 11:43 CET
Germany's Sixt said its DriveNow car-sharing venture with BMW is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts....
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Hertz investor presses board to replace CEO Frissora

3:49 pm U.S. ET | Aug. 20, 2014
Hertz investor Fir Tree Partners, which holds more than 3 percent of the stock, is urging the company's board to replace CEO Mark Frissora because the firm disapproves of how he's running the car-rental provider....
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Uber hires former Obama adviser Plouffe to counter opponents

12:19 am U.S. ET | Aug. 20, 2014
Uber Technologies, the popular mobile car-booking app, hired David Plouffe, a former top political adviser to President Obama, to help it cope with regulatory hurdles and mounting opposition from cabbies around the globe....
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THE GM RECALL

GM missed red flag from rental car firms on fatal crashes

12:23 pm U.S. ET | July 31, 2014
More than seven years before GM began the biggest wave of auto recalls in history, an investigator for Vanguard Car Rental contacted the carmaker about a fatal rollover crash in California. Vanguard wasn't alone. Records show Enterprise Holdings pressed the automaker about a potential Cobalt defect because airbags failed in routine crashes. Avis and Hertz also had Cobalts in their fleets that crashed....
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Millennials drawn to car-sharing services, but eventually, they buy

12:01 am U.S. ET | July 26, 2014
Car- and ride-sharing programs are changing the way city dwellers get around and the way millennials think about car ownership. Automakers have noticed and are experimenting with ways to adapt -- creating partnerships with car-sharing services or offering their own transportation services....
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Car-sharing rivals Uber, Lyft tussle over driver recruits

12:01 am U.S. ET | July 15, 2014
Uber and Lyft are racing to recruit drivers to spur the growth of their popular ride-sharing businesses. The rivalry for drivers is unfolding across the United States as both companies rush to expand services -- most recently in New York....
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Ford's vision extends beyond building cars

12:01 am U.S. ET | July 14, 2014
Ford Motor Co. Executive Chairman Bill Ford believes that global traffic congestion and new technologies will force automakers to think beyond their traditional role....
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Enterprise expands car-sharing business into Canada

6:23 pm U.S. ET | March 27, 2014
Enterprise Holdings’ Canadian subsidiary has purchased a car-sharing company in Toronto. Enterprise Rent-A-Car Canada’s acquisition of AutoShare CarSharing Network is the Canadian subsidiary’s first entry into the car-sharing business....
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BMW will expand car-sharing unit in Europe, U.S.

March 9, 2014 06:15 CET
BMW plans to expand its DriveNow car-sharing program to as many as 25 new cities to lure younger customers in Europe and the U.S....
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Global vehicle sales will likely peak in next decade, analysts say

12:01 am U.S. ET | March 1, 2014
The planet that Henry Ford put on wheels is poised for a stall. The world will reach "Peak Car" -- a point at which annual global sales growth will top out -- in the next decade, analysts predict....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

What's next for car sharing?

Feb. 7, 2014 06:15 CET
Car sharing in Europe went mainstream in 2013 as consumer awareness snowballed and more global automakers joined the sector....
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Report: Every shared car means 32 lost sales

4:41 pm U.S. ET | Feb. 4, 2014
Each vehicle in the Zipcar or car2go car-sharing fleet means 32 lost vehicle sales, according to a report from consulting firm AlixPartners. The report, based on a survey of 2,000 adult car-sharing customers, also said Americans would have bought 500,000 new or used vehicles since 2006 if not for access to car-sharing services, a total that could grow to 1.2 million by 2020....
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Chevy offers free Impala weekend drives for National renters

12:01 am U.S. ET | Feb. 1, 2014
Chevrolet is offering members of National Car Rental's frequent renters clubs who recently rented 2014 Chevrolet Impalas a weekend of seat time in another Impala for free....
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2014 AUTOMOTIVE NEWS WORLD CONGRESS

Ford COO expects millennials to fuel era of auto growth

12:01 am U.S. ET | Jan. 20, 2014
Driven by the rise of the millennial generation and a global growth boom, the auto industry is in the midst of a new golden age, Mark Fields, Ford Motor Co. COO, said in a speech at the Automotive News World Congress....
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Carl Icahn buys up to 40 million shares of Hertz, report says

3:00 pm U.S. ET | Jan. 3, 2014
Longtime Wall Street investor Carl Icahn bought as many as 40 million shares of stock in rental car giant Hertz Global Holdings Inc., CNBC reported today....
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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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How self-driving cars could transform the rental market

12:01 am U.S. ET | Nov. 4, 2013
Self-driving vehicle technology could one day give new meaning to Enterprise Rent-A-Car's "We'll Pick You Up" tag line....
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Payless Car Rental goal: Few new cars

12:01 am U.S. ET | Nov. 4, 2013
Rental-car companies’ efforts to use their vehicles more efficiently could, over the long term, chip away at automakers’ fleet sales....
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ARLENA SAWYERS

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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Next at auctions: Multiple platform sales

12:01 am U.S. ET | Oct. 28, 2013
Listing used vehicles for sale simultaneously on multiple online remarketing platforms is the next big thing in used-vehicle wholesaling....
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Retailer Kuni plunges into multiplatform plan

12:01 am U.S. ET | Oct. 28, 2013
Kuni Automotive will wholesale its used vehicles on multiple remarketing platforms to its own stores and to other 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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Car sharing users to reach 12 million by 2020, report says

2:31 pm U.S. ET | Sept. 16, 2013
Car sharing services are expected to have more than 12 million members worldwide by 2020, up from 2.3 million this year, a report from Navigant Research said....
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