Cars

Hertz Files for Bankruptcy Protection, Brought Down by Pandemic Under Heavy Debt

Hertz Files for Bankruptcy Protection, Brought Down by Pandemic Under Heavy Debt

Mike Spector, Reuters

The 102-year-old car rental company is among the biggest brands so far to be leveled by the fallout from coronavirus. A new CEO is six days into the job. Let's see how Paul Stone maneuvers the iconic brand through Chapter 11.

7 days ago

Car Rental Listings Service CarTrawler Gets Debt Relief Thanks to New Private Equity Owner

Car Rental Listings Service CarTrawler Gets Debt Relief Thanks to New Private Equity Owner

Sean O'Neill, Skift

Investors should be relieved CarTrawler managed to get a deal done at all in today’s tough mergers-and-acquisitions market. The debt write-off has set up the travel tech company for promising momentum.

1 week ago

Hertz Looks for Financing Help As It Plans to Lay Off 10,000 Employees

Hertz Looks for Financing Help As It Plans to Lay Off 10,000 Employees

Jessica DiNapoli and Mike Spector, Reuters

Hertz is not alone in seeking rescue financing. Will it merge with Avis-Budget? Even if that doesn't happen, the travel industry will witness a wave of consolidation.

1 month ago

Uber Rideshare Revenue Ticking Upwards After Dramatic Fall

Uber Rideshare Revenue Ticking Upwards After Dramatic Fall

Dennis Schaal, Skift

If you are grasping for any signs that the U.S. or global economies have a heartbeat, then consider that Uber's rideshare revenue has been ticking upwards in the past two weeks after plummeting over the past two months. No, this is not the same as China reopening or a promising coronavirus vaccine in the making, but at this point we'll latch onto almost anything.

1 month ago

Several U.S. States Mandate Quarantines for Road-Trippers

Several U.S. States Mandate Quarantines for Road-Trippers

Associated Press

While some U.S. states still have porous border, others were clamping down on travelers from neighboring states that have spikes in coronavirus infections. Like a lot of other things regarding the United States response, there is little uniformity or coherent policy.

2 months ago

Uber, Lyft Will Cease Curbside Airport Pickups in Phoenix Over Higher Fees

Uber, Lyft Will Cease Curbside Airport Pickups in Phoenix Over Higher Fees

Anita Snow, Associated Press

Municipalities, like Phoenix, looking to tax increasingly popular ridehailing services to raise revenue will almost certainly face huge pushback from flyers. Will local tourism and convention businesses eventually suffer?

5 months ago

Ridehailing Competition Delivers Fatal Blow to Airport Transport Service SuperShuttle

Ridehailing Competition Delivers Fatal Blow to Airport Transport Service SuperShuttle

Isaac Carey, Skift

This is yet another casualty of the Uber and Lyft era. Other airport shuttle services will likely be next.

6 months ago

Avis Tackles Urban Congestion By Teaming Up With Ridehailing Rivals

Avis Tackles Urban Congestion By Teaming Up With Ridehailing Rivals

Isaac Carey, Skift

Cities are getting more crowded with vehicles, and people are becoming more reluctant to use cars during business and leisure trips. Smart technology can help.

8 months ago

Audi’s Silvercar Launches Loyalty Program to Help Compete With Legacy Rivals

Audi’s Silvercar Launches Loyalty Program to Help Compete With Legacy Rivals

Grant Martin, Skift

Premium Rewards isn't going to change the world as a loyalty program, but it is going to entice business from a new set of travelers. And that might be exactly what Silvercar needs right now.

9 months ago

Audi’s Silvercar Launches New Car Rental Loyalty Program

Audi’s Silvercar Launches New Car Rental Loyalty Program

Grant Martin, Skift

Silvercar's new loyalty program is a good incentive for both current and prospective customers to try out the service. It also may be a shot in the arm to a plateauing company.

9 months ago

Skift Global Forum Preview: Avis Tackles Digital Innovation Through Partnerships

Skift Global Forum Preview: Avis Tackles Digital Innovation Through Partnerships

Isaac Carey, Skift

Doing just traditional car rental isn't going to cut it anymore, and Avis is rapidly expanding its alternative services.

10 months ago

Hertz and Avis Double Down on Ridehailing Strategy

Hertz and Avis Double Down on Ridehailing Strategy

Isaac Carey, Skift

It's been hard for car rental companies to adapt to disruptors like Uber and Lyft, but their recent strategies show promise.

10 months ago