Rental Cars

Rental Cars

Hertz Taps Former Ford Boss as Its Interim CEO

While leading any major company will bring enormous challenges, Mark Fields is fortunate he can devote his focus at Hertz to matters other than bankruptcy.

Hertz Taps Former Ford Boss as Its Interim CEO

Rental Cars

Volkswagen Close to Buying France’s Europcar in Hot Car Rental Market

If Volkswagen succeeds in its bid to purchase Europcar, consumers would greatly benefit as the deal would likely lead to electric vehicles becoming more available.

Volkswagen Close to Buying France’s Europcar in Hot Car Rental Market

Airlines

Renewed Family Travel Tests Flexibility of Travel Businesses

With several weeks of summer still left, having a family vacation is still a possibility. But parents traveling with kids are getting smarter about how they're spending their money. If the industry wants to attract this billion dollar sector, appealing to their kids is the smart way to go.

Renewed Family Travel Tests Flexibility of Travel Businesses

Rental Cars

Hertz Puts Bankruptcy Behind It With Transformational Plans

Hertz's new ownership has grand plans to remake the car rental firm. Over the next few years, you'll find out if that really happened depending on your experience at an airport car rental counter near you.

Hertz Puts Bankruptcy Behind It With Transformational Plans

Rental Cars

43 Million Americans Expected to Hit the Road This July 4 Holiday, Surpassing 2019

The global pandemic lockdown has awakened a new hunger for traveling. Despite the uncertainty of a new variant of coronavirus, the U.S. is seeing an increase in road trips that are good for the economy. But is it good for the environment?

43 Million Americans Expected to Hit the Road This July 4 Holiday, Surpassing 2019

Rental Cars

U.S. Road Trippers Logged 249 Billion Miles in April, a 56 Percent Jump From 2020

Americans put big-time miles on their vehicles this spring as the pandemic weary exercised their pent-up travel demand on the open roads.

U.S. Road Trippers Logged 249 Billion Miles in April, a 56 Percent Jump From 2020

Rental Cars

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Now that the investor winners and losers are clear, Hertz is tasked with the even harder job of retooling the business to adapt to a diminished business travel environement — at least in the short term.

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Rental Cars

Hertz Bidding War Escalates With Revised Bid From Certares

After two bids, and now a revised bid, the bidding war to lead Hertz out of bankruptcy is heating up. The proverbial ball is in Hertz's court at the moment.

Hertz Bidding War Escalates With Revised Bid From Certares

Rental Cars

Hertz Selects Centerbridge to Lead Its Reorganization From Bankruptcy

Suddenly Hertz, the beleaguered car-rental firm forced into bankruptcy, is being wooed like it's the last case of Budweiser on a deserted island. Investors see opportunity in an emerging new Hertz.

Hertz Selects Centerbridge to Lead Its Reorganization From Bankruptcy

Rental Cars

Travel Investor Certares’ Plan to Be Kingmaker in Hertz Reorganization Hits a Snag

Despite the inroads ridesharing companies, such as Uber and Lyft, have made against the car rental giants, Hertz's re-emergence from bankruptcy is now triggering a bidding war. Ridesharing and car rentals often have different use cases, but it's never too late for legacy players to mimic, partner, and otherwise adapt.

Travel Investor Certares’ Plan to Be Kingmaker in Hertz Reorganization Hits a Snag