Articles tagged “hertz”

It won't be hard to say goodbye to this Dick Tracy-inspired monstrosity that had blind spots that were even more frightening than the car's exterior design.

The merger of the business traveler car rental brand withe the leisure-weekend car rental brand will be keenly followed as the macro trends favor the merger of the two historically distinct markets.

Hertz cleared the two obstacles standing in the way of a merger this week, but regulations will keep the new company from forming a monopoly in the rental car industry.

Hertz’s tender offer for Dollar’s stock is set to expire today and may need to be extended to get the necessary number of shares, although both boards have already approved the merger.

Rental car companies’ ratings reach new highs with travelers that appreciate reasonable daily rates and the convenience of a shuttle van. Or maybe they just look good in comparison to the airlines.

Hertz has offered various concessions to snag its competitor, but the FTC’s fears transcend this one deal, which is serving as a prime example of the extreme consolidation of the rental car industry over the past decade.

The spike in car rental rates that Orbitz saw could be due in part to an increase in one-way rentals because of flight cancellations.

Hertz has reported revenue growth for the past seven quarters and suspects its substantial revenue growth will be boosted by its acquisition of Dollar Thrifty.

After so much maneuvering between Hertz and Avis Budget over Dollar Thrifty, it's hard to believe that the FTC would block the deal at this point. But, an honest deal review must take a hard look at how further industry consolidation would impact consumers.

The logical agreement of five companies, which represent 90 percent of the industry, is hoped to push along a Senate bill making the safety practice non-negotiable for all rental agencies.