News By Topic: Rental

Fitch Places Budget & ANC Rental ABS Deals On Rtg Watch Neg

Sep 28, 2001

Fitch places the ratings of Team Fleet Financing Corporation (a wholly owned subsidiary of Budget Group, Inc.) and National Car Rental Financing Limited Partnership (a wholly owned subsidiary of ANC Rental Corporation) rental car ABS transactions on Rating Watch Negative. Fitch expects rental car demand to decline over ... Continue reading

Alamo Offers Great American Rates -And All the Miles are Free!-

Sep 27, 2001

In an effort to help jump-start a stalled travel industry, Alamo Rent A Car recently announced Great American Rates with free unlimited mileage. Great American Rates are available at more than 600 Alamo facilities nationwide including all airport-serving and neighborhood locations. These rates, which are valid through ... Continue reading

Fitch Lowers Ford, Ford Credit, Hertz & Related Entities

Sep 27, 2001

Fitch has downgraded the senior debt ratings of Ford Motor Company (Ford), Ford Motor Credit Company (Ford Credit), Hertz Corporation and their respective subsidiaries to `A-' from `A+' and commercial paper to `F2' from `F1'. A complete list of affected ratings is listed at the end of this press release. The Rating Out ... Continue reading

Payless Car Rental Announces Record Revenue and Profit

Sep 27, 2001

Payless Car Rental System, Inc. announced today company revenue and profit figures that are the largest in the 30 year history of the company. Payless Car Rental System and subsidiaries posted $7.2 million in revenue for 2001, a 22% increase over the prior year. Net income before taxes was $1.1 million, representing a ... Continue reading

Dollar Rent A Car Offers Expanded 'USA' Special Rates

Sep 25, 2001

Originally implemented to aid displaced travelers as a result of the national tragedy on September 11, 2001, Dollar has expanded rate specials put in place last week to now include special "USA" rates to assist customers with their future transportation needs. Through December 21, 2001, customers can request promotion ... Continue reading

ANC Rental: Operating Results Will be Impacted by Terrorist Attacks

Sep 24, 2001

ANC Rental Corporation today announced that the recent terrorist attacks in the United States and the difficulties being experienced by the U.S. airline industry will significantly negatively impact ANC Rental's operating results for the remainder of 2001. The terrorist attacks have caused major U.S. airlines to dramat ... Continue reading

ERAC Canada Finance Ltd. and Enterprise Rent-A-Car Company

Sep 24, 2001

Rating Trend Rating Action Debt Rated A (low) Stable Confirmed Senior Notes - ERAC Canada Finance Ltd. R-1 (low) Stable Confirmed Commercial Paper - ERAC Canada Finance Ltd. A (low) Stable Confirmed Corporate Rating - Enterprise Rent-A-Car Company DBRS is confirming the above ratings of ERAC Canada Finance Ltd. and Ent ... Continue reading

Enterprise Rent-A-Car Donates $1 Million To Relief Efforts In NY And DC

Sep 24, 2001

Enterprise Rent-A-Car announced that on behalf of its 50,000 employees worldwide, the company will donate $1 million to the disaster relief efforts in New York and Washington, D.C. The donation will be made by the company's charitable arm, the Enterprise Rent-A-Car Foundation. In keeping with Enterprise's commitment to ... Continue reading

Avis Europe Investor Meetings - Implications of US Terrorist Attacks

Sep 21, 2001

Avis Europe has a series of meetings arranged with analysts, investors and journalists over the coming weeks, following the announcement of interim results on 6th September. In light of the events in the USA on 11th September the company will be providing an update on the market dynamics and most recent trends in its b ... Continue reading

Enterprise Rent-A-Car Donates $1M To Relief Efforts In NY And DC

Sep 18, 2001

Company extends waiver of one-way drop fee to further assist customers in need Enterprise Rent-A-Car announced today that on behalf of its 50,000 employees worldwide, the company will donate $1 million to the disaster relief efforts in New York and Washington, D.C. The donation will be made by the company's charitable ... Continue reading

National Car Rental's New ''Salute America'' One-Way Rate

Sep 18, 2001

National Offers One-Way Rates From $49.95 Per Day Including Unlimited Mileage and No Drop Fees- In an effort to continue its support of customers with heightened one-way transportation needs, National Car Rental has announced a special Salute America one-way rate from $49.95 per day. Effective immediately through Octob ... Continue reading

Enterprise Rent-A-Car Waives One-Way Drop Fee For Stranded Customers

Sep 17, 2001

Enterprise Rent-A-Car today issued the following statement in the aftermath of this week's terrorist attacks on New York and Washington, D.C.: The tragic events of Tuesday, Sept. 11, 2001, have left thousands of Americans stranded away from their homes and families. In light of these extraordinary circumstances, Enterp ... Continue reading

Alamo Offers "Drive Home USA" Rate With Unlimited Mileage and No Drop Charges

Sep 17, 2001

In light of the current soaring demand for one-way rental car services, Alamo is offering a special Drive Home USA flat rate of $49.95 throughout the United States. This rate, valid through October 5, includes unlimited mileage, and no blackout dates or drop off fees. "We are delighted to offer Alamo customers this aff ... Continue reading

Budget Has Cars Available to Help America Get Going Again

Sep 17, 2001

In response to the shift in rental business as travelers choose rental cars as an alternative means of transportation, Budget Rent a Car will begin offering rates as low as $19.99 per day at its nearly 750 corporate-owned downtown and suburban locations across the nation. Budget expects that as the public returns to wo ... Continue reading

National ''Salute America'' One-Way Rate Helps Stranded Travelers Nationwide

Sep 16, 2001

FORT LAUDERDALE, Fla.--Sept. 14, 2001-- -National Offers Flat, $49.95 One-Way Rate Including Unlimited Mileage and No Drop Fees- In an effort to continue its support of customers with heightened one-way transportation needs, National Car Rental has announced a special Salute America one-way flat rate of $49.95. Effecti ... Continue reading