Car Rental News |
|
31/Jan/2011 Hertz expects increase in earningsHertz has raised its full year guidance for 2010 following a strong performance in its car and equipment rental businesses. The car rental giant now expects to beat its high end guidance for adjusted pre-tax income, adjusted diluted earnings per share and Corporate EBITDA.
Hertz also states it is likely to beat pre-tax income and adjusted diluted earnings per share. However, full year 2010 revenues are forecasted to be within the guidance range. Hertz up following boost in expectations 30/Jan/2011 Half term skiers beware excess charges on car hireThe UK’s leading specialists in car hire insurance, moneymaxim.co.uk, is warning half term skiers if they want to protect their cash to look carefully to see what they are and aren’t covered for when hiring a car this winter. Anyone thinking of taking a ski break this winter with car hire should look carefully at the small print as exclusions on insurance cover policies offered by many car rental companies can prove extremely expensive if any damage is caused to the vehicle. 29/Jan/2011 Mom and kids find loaded gun in rental carSAN ANTONIO - Deborah Gonzalez says she is pretty heated with Hertz Rent A Car on San Pedro Avenue. Gonzales and her family say they found a loaded gun in a car they rented last week.
"I was horrified," said Gonzalez. "I couldn't even speak. I broke down crying because there was a loaded gun in my hands, and I don't know where it came from." Gonzalez says she was riding in the car with her 2-year-old and 3-year-old grandchildren. She stumbled across the gun while picking up a child's shoe that fell under the driver's seat. 28/Jan/2011 Hertz Equipment Rental President Retires
Hertz announced Jan 25 that company president Gerald A. Plescia officially retired from the company. Mark P. Frissora, company chairman and CEO, assumes temporary senior management responsibility for HERC until a successor is named. The company expects to conclude the search within the following 90 days. 27/Jan/2011 Hertz updates Full Year 2010 Guidance
Hertz announced updated full year 2010 guidance, indicating it expects to beat its high end guidance for adjusted pre-tax income, adjusted diluted earnings per share and Corporate EBITDA. The Company said it expects to significantly beat its high end guidance for adjusted pre-tax income and adjusted diluted earnings per share. Additionally, the Company said its full year 2010 revenues are forecasted to be within its guidance range. 26/Jan/2011 2011 Car Rental Show to Feature Special Session on Economic, Social, Environmental SustainabilityAuto Rental News and the American Car Rental Association announce that Lee Broughton of Enterprise Holdings will present a keynote address highlighting "the triple bottom line" - global economic, social and environmental sustainability - at this year's annual Car Rental Show in Las Vegas. Broughton heads up Corporate Sustainability at Enterprise Holdings, which owns and operates Alamo Rent A Car and National Car Rental as well as its flagship Enterprise Rent-A-Car brand. He is scheduled to address Car Rental Show attendees during the Wednesday, March 9, breakfast session, and will discuss the importance of the car rental industry developing a sector-specific position on sustainability reporting and transparency. 25/Jan/2011 Car Hire in Spanish locations topped UK pre-Christmas searchesWorldwide destinations accounted for 56% of over
763,000 car hire-related searches conducted on Google
by UK consumers in October 2010, according to the
latest quarterly research by leading independent
search marketing specialist and technology firm,
Greenlight. It predicts a spike in searches for
car hire services in specific European city destinations
in the weeks prior to Valentine’s Day, as
consumers will look to make arrangements for “early
bird” getaways. 24/Jan/2011 CBS News Plays ‘Gotcha’ with Recalled Rental CarA CBS "Early Show" broadcast Jan. 12 investigated auto rental agencies that were renting recalled vehicles. CBS Consumer Correspondent Susan Koeppen rented a 2010 Chevrolet Cobalt from Avis that was part of a recall for a steering problem and had never been repaired. CBS reported that according to a National Highway Traffic Safety Administration report, the Cobalt's electric power steering fails suddenly while driving, resulting in several crashes, fires and injuries. Koeppen alerted the manager at the Avis lot that she was with CBS News, and about the state of the car. The car was immediately taken out of service. 23/Jan/2011 Thrifty Car Rental Implements No-Smoking Policy for rental carsThrifty Car Rental, a subsidiary of Dollar Thrifty Automotive Group, Inc., is pleased to announce that its rental cars are now 100 percent smoke-free as a result of its new policy prohibiting smoking by renters at all U.S. corporate stores and participating franchise locations.
“We’re extremely pleased to now offer a 100 percent smoke-free fleet,” said Scott Thompson, Dollar Thrifty President and CEO. “We are passionate about providing our value-oriented customers with a rental experience that is consistent with our high standards, and we think that fresh, clean and smoke-free car interiors are essential to achieving our objectives.” 22/Jan/2011 Thrifty Car Rental Offers Handicap Accessible Minivans in Salt Lake CityThrifty Car Rental, a subsidiary of Dollar Thrifty Automotive Group Inc., recently made renting a car in Salt Lake City much friendlier to the transportation needs of physically-challenged customers.
Thrifty's Salt Lake City franchisee now offers three handicap accessible 2011 Chrysler Town & Country minivans for rental. Each van is equipped with wheelchair ramps, drop down service for ground-level access, hand controls, removable seats for accessible driving with a wheel chair and all other options that will meet the requirements of drivers with a physical handicap. 21/Jan/2011 Avis Budget Partners With Intercontinental HotelsAvis Budget Group Inc. has signed a new partnership agreement with InterContinental Hotels Group, the world's largest hotel group by number of rooms, to provide 52 million IHG Priority Club Rewards members with discounts on Avis and Budget rentals and the opportunity to earn points when renting from Avis and Budget locations around the globe.
As part of the new agreement, Avis Rent A Car and Budget Rent A Car will promote products, services, money-saving offers and bonus rewards offers to Priority Club Rewards members on IHG's official web site, www.ihg.com, the Priority Club Rewards program web site, www.priorityclub.com, as well as through email campaigns. Priority Club Rewards members can save up to 25 percent on Avis rentals and up to 20 percent on Budget rentals while earning 125 points per rental day. 20/Jan/2011 Etihad Airways and Hertz Form Three-Year PartnershipEtihad Airways has signed a three-year agreement with Hertz, bringing the airline's passengers a broad range of worldwide car rental benefits and money saving offers. The partnership is designed to integrate the technology platforms of both Hertz and Etihad Airways to deliver a seamless travel experience from the departure gate to the driving seat.
Hertz has built a new dedicated microsite allowing Etihad customers to conveniently book online, and has also created a unique platform enabling Etihad Call Centre staff to offer customers a competitive deal on car hire while booking their flights by phone. Hertz car rental services are now available to all Etihad customers worldwide through multiple reservation channels, including etihad.com, Etihad call centers, Etihad Holidays and retail outlets. 19/Jan/2011 Chrysler Announces Pricing for All-New 300 Series SedansChrysler's all-new 2011 Chrysler 300 series sedans have a starting manufacturer's suggested retail price (MSRP) of $27,995 (including destination). The 300 series sedans will be available in the United States in four models: Chrysler 300, 300 Limited, 300C and 300C AWD. In addition, the Luxury and SafetyTec Groups provide customers with high-value content and innovative technology directly targeted for their specific needs. ALL-NEW 2011 CHRYSLER 300 The entry-level 2011 Chrysler 300 model features the all-new 3.6-liter Pentastar V-6 engine with 292 horsepower (218 kW), 260 ft.-lb. (353 N•m) of torque, E-85 flex-fuel capability (EPA-certified states) and a proven five-speed automatic transmission with Auto Stick. 18/Jan/2011 DTAG and Avis Budget Group Provide FTC UpdateDollar Thrifty Automotive Group Inc. and Avis Budget Group Inc. today released the following joint statement: As previously reported, following the termination of Dollar Thrifty's merger agreement with Hertz Global Holdings Inc., Dollar Thrifty and Avis Budget have been cooperating to pursue antitrust regulatory clearance of a potential acquisition of Dollar Thrifty's common stock by Avis Budget.
During this period, Avis Budget and Dollar Thrifty have presented to the Federal Trade Commission ("FTC") a jointly held view that the potential transaction would not reduce competition in the rental car industry. Each believes that intense competition from Enterprise/Alamo/National and Hertz/Advantage, as well as numerous smaller brands, would continue after the proposed transaction. In addition, Avis Budget has expressed the view that a merger with Dollar Thrifty would result in significant cost savings and other operational efficiencies. These synergies and the increased ability of the combined company to compete against other competitors in the marketplace will benefit all rental car consumers, particularly Dollar Thrifty's core leisure customers. 17/Jan/2011 Enterprise Rent-A-Car to offer Chevrolet VoltHertz Global Holdings, Inc. announced that Hertz Equipment Rental Corporation (HERC) has acquired Forces, Inc., a leading power generator rental company headquartered in the Chicago Metro area.
“The Forces acquisition is strategically important for Hertz Equipment Rental as it will enable us to fortify our positioning in the Metro-Chicago area,” commented Hertz Chairman and Chief Executive Officer, Mark P. Frissora. “The construction and industrial market in Chicago is estimated to be a $17.5B market. By acquiring Forces, HERC will be able to expand its energy services business, with an anticipated $6M in new revenues for 2011, while further strengthening our long term strategy to diversify our business in the industrial sector.” 16/Jan/2011 Enterprise Rent-A-Car to offer Chevrolet VoltEnterprise Rent-A-Car announced today that it will be the first to offer Chevrolet Volt extended-range electric vehicles (EVs) for daily and weekly rentals later this month. The Volt vehicles – the “2011 Motor Trend Car of the Year®” – will be available at the Mark Christopher Auto Center in Ontario, Calif., along with a new charging station.
There are more than 5,000 Enterprise Rent-A-Car neighborhood and airport offices, including the Mark Christopher Auto Center site, located within 15 miles of 90 percent of the U.S. population. As Enterprise Rent-A-Car continues to add EVs and plug-in hybrid electric vehicles throughout its network, more customers will have an opportunity to try the new technology for consideration of purchase, out of curiosity, or to choose an environmentally friendly car rental option. It also gives customers a chance to learn more about the charging process. 15/Jan/2011 DTAG and Avis Budget Group Provide FTC UpdateDollar Thrifty Automotive Group Inc. and Avis Budget Group Inc. today released the following joint statement:As previously reported, following the termination of Dollar Thrifty's merger agreement with Hertz Global Holdings Inc., Dollar Thrifty and Avis Budget have been cooperating to pursue antitrust regulatory clearance of a potential acquisition of Dollar Thrifty's common stock by Avis Budget. During this period, Avis Budget and Dollar Thrifty have presented to the Federal Trade Commission ("FTC") a jointly held view that the potential transaction would not reduce competition in the rental car industry. Each believes that intense competition from Enterprise/Alamo/National and Hertz/Advantage, as well as numerous smaller brands, would continue after the proposed transaction. In addition, Avis Budget has expressed the view that a merger with Dollar Thrifty would result in significant cost savings and other operational efficiencies. These synergies and the increased ability of the combined company to compete against other competitors in the marketplace will benefit all rental car consumers, particularly Dollar Thrifty's core leisure customers. 14/Jan/2011 NBTA: Biz Travel Spend to Grow 5 Percent in 2011Business travel spending, a key indicator of the overall health of the U.S. economy, is expected to advance by 5 percent in 2011, according to the latest "Business Travel Quarterly Outlook - United States" from the NBTA Foundation, the education and research arm of the National Business Travel Association (NBTA).Overall growth of business travel spend in 2010 is estimated at 2.3 percent - in sharp contrast to the 14.1 percent drop in spend the business travel industry experienced in 2009. Business Travel Index Indicates RecoveryThe Business Travel Index (BTI) provides a way to distill market performance and the outlook for business travel into a single metric that can be tracked over time. The BTI unexpectedly declined in the third quarter 2010 to 103 from 106 in the second quarter 2010 as trip volume was lower than expected. However, the third quarter 2010 BTI was substantially higher than third quarter 2009, when the BTI stood at just 99. 13/Jan/2011 Auto Rental Booming in One Corner of the WorldAs might be expected, car rental is currently one the fastest growing industries in Beijing due to the recent restrictions put in place to limit car ownership to reduce traffic congestion in the city, according to Cars for Stars. The number of cars on Beijing roads has almost doubled over the past five years, resulting in gridlocked roads and increased pollution levels in Beijing. As part of Beijing's efforts to control traffic jams, only 240,000 license plates will be available this year in hopes of bringing automobile sales down from their record level last year, according to the Christian Science Monitor. 12/Jan/2011 Avis focuses on the customer experienceLeading Car Rental Company Avis UK, has today announced the strengthening of its customer services proposition with the appointment of Anthony Ainsworth as Commercial Director. Ainsworth is responsible for all customer-facing revenue generation including the B2B, consumer and intermediary business, as well as post-rental customer care.
11/Jan/2011 Avis beefs up UK teamCar Rental Company Avis UK has announced the strengthening of its customer services proposition with the appointment of Anthony Ainsworth as Commercial Director. Ainsworth is responsible for all customer-facing revenue generation including the B2B, consumer and intermediary business, as well as post-rental customer care.
The newly-created role is the latest in a long-line of measures by Avis to deliver the ‘Gold Standard’ experience for every customer. Over seeing a team of 120, including over 100 customer focused employees, Anthony will work to align the ‘We Try Harder’ principle across the business. 10/Jan/2011Franchise Services Posts $16.2 Million Revenue for Fiscal Year 2010Franchise Services of North America Inc. reported its financial results for the fiscal year ended Sept. 30, 2010 and the sale of new franchise locations in Canada and the United States.Revenue for the year ended Sept, 30, 2010 was $16.2 million with a reported net loss of $732,595, as compared to revenue of $14.7 million and a net loss of $6.9 million for the year ended Sept. 30, 2009. During the period, Franchise Services reported an insurance underwriting loss of $495,000 in its Canadian insurance program. This Canadian insurance program has now triggered the provision of the stop-loss coverage, eliminating the possibility of any future underwriting losses in this program.
09/Jan/2011Enterprise prepares to offer Chevrolet VoltAmerican car rental giant Enterprise Rent-A-Car has confirmed it will be the first company to offer Chevrolet Volt extended-range electric vehicles for daily and weekly rentals. Volt vehicles will be available at the Mark Christopher Auto Centre in Ontario, California, along with a new charging station.
“Purchase demand for electric vehicles has been impressive, and we anticipate similar demand from rental customers,” said Jeff Morrell, vice president of Enterprise Rent-A-Car. 08/Jan/2011Volkswagen's multi-brand growth creates complex challengesJorn Madslien By Jorn Madslien On a drizzly winter morning at a rural hotel in the South of England, a small group of motoring journalists sip coffees and munch bacon butties, getting ready for test drives around the Sussex country lanes. To old hands in the game, it is just another car launch.
Except this time it is different. 07/Jan/2011Dollar Thrifty implements no-smoking rentalsDollar Thrifty Automotive Group has announced that Dollar and Thrifty rental cars are now 100 percent smoke-free as a result of Dollar Thrifty’s new policy prohibiting smoking by renters at all U.S. corporate stores and participating franchise locations.
“We’re extremely pleased to now offer a 100 percent smoke-free fleet,” said Scott Thompson, Dollar Thrifty President and CEO. “We are passionate about providing our value-oriented customers with a rental experience that is consistent with our high standards, and we think that fresh, clean and smoke-free car interiors are essential to achieving our objectives.” 06/Jan/2011 Car Rental Industry Embraces Electric VehiclesCar rental companies further corporate environmental initiatives by adding EVs to fleets. Electric vehicles (EVs) splashed onto the automotive scene in 2010 and some car rental companies quickly embraced them as part of larger corporate environmental initiatives. Last year, the Hertz Corporation and Enterprise Holdings announced plans to add EVs to their respective fleets in the United States and started introducing plug-in vehicles to rental and car-sharing customers. 05/Jan/2011Hertz Rent2Buy Partners With Allied Business NetworkHertz Rent2Buy, The Hertz Corporation's online used-car sales program, has formed a new partnership with the Allied Business Network providing ABN members, which include business, entrepreneurs, and small business owners, a discount on their vehicle purchased through Hertz Rent2Buy.
"We are enthusiastic about extending benefits through Hertz Rent2Buy to our longtime partner, Allied Business Network," commented Mark P. Frissora, Hertz chairman and chief executive officer. "This partnership is just a natural extension of our pre-existing relationship with ABN, providing them with savings through Hertz rental cars, and now through Hertz Rent2Buy purchases." 04/Jan/2011 Clean Energy, Hertz Adding CNG Station in L.A.Clean Energy Fuels Corp. has signed an agreement with the Hertz Corp. to build and operate a compressed natural gas (CNG) fueling station on Hertz-owned property adjacent to Los Angeles International Airport (LAX).
Clean Energy Fuels Corp. has signed an agreement with the Hertz Corp. to build and operate a compressed natural gas (CNG) fueling station on Hertz-owned property adjacent to Los Angeles International Airport (LAX). 03/Jan/2011 BA chairman knightedBritish Airways chairman Martin Broughton has been knighted in the New Year’s Honours list.
The knighthood has come for services to business despite a year which saw the airline hit by 22 days of cabin crew strike action. 02/Jan/2011 S&P Raises Hertz Global Holdings’ RatingsStandard & Poor's Ratings Services elevated its ratings for Hertz Global Holdings Inc., citing improved operating and financial performance by the two car rental companies.
The firm raised its corporate credit ratings on Park Ridge, N.J.-based Hertz and subsidiary Hertz Corp. to "B+" from "B" and removed them from review status. The ratings had been under review since April, after Hertz announced it had signed an agreement to acquire Dollar Thrifty Automotive Group.
01/Jan/2011 S&P Raises Dollar Thrifty Automotive Group’s RatingsStandard & Poor's Ratings Services raised its ratings for Dollar Thrifty Automotive Group Inc., citing improved operating and financial performance by the two car rental companies.
The firm boosted Dollar Thrifty's ratings to "B" from "B-," and planned to keep the company's ratings under review for a possible upgrade due to Dollar Thrifty's proposed buyout by rival Avis Budget Group Inc.
|
| Archive News - January 2011 - Febuary 2011 - March 2011 - April 2011 - May 2011 - June 2011 - |
|
||||||||||||||||||
|
||||||||||||||||||
Sitemap
| Car
Rental Articles Copyright © 2012 www.carhire4lower.com
Link
To CarHire4Lower.com | Car
Rental News | Great
Value Hotel Rooms |
||||||||||||||||||
Copyright © 2012 www.carhire4lower.com