News By Topic: Rental

Survey: Enterprise and Hertz, Favorite Among Small and Home Businesses

Sep 7, 2001

The latest TECHNOMETRICA study reveals that among Small and Home offices (SOHOs), Enterprise is not only one of the best-known car rental companies (59% familiarity), but also among the most well-liked (85% of those familiar are favorable towards the brand). Hertz is also well known among SOHOs (52% familiarity), and e ... Continue reading

Dollar Rent A Car Expands Wireless Services for Customers

Aug 29, 2001

Dollar Rent A Car today announced customers can now not only book a vehicle directly through dollar.com from Personal Data Assistants (PDAs), but can also book a vehicle from Internet- ready cell phones and pocket PCs. Dollar is the first car rental company to launch wireless service accessibility of its Web site for w ... Continue reading

GenesisIntermedia to Sell Car Rental Direct Subsidiary to MAII Holdings

Aug 17, 2001

GenesisIntermedia, Inc. and MAII Holdings, Inc. (MAII) today announced that they have entered into a definitive agreement under which Car Rental Direct.com, Inc., a wholly owned subsidiary of GENI ("CRD"), will be purchased by a wholly-owned subsidiary of MAII Holdings. The closing is subject to the receipt of a Fairne ... Continue reading

Budget Group Appoints VP, CTO and VP, Shared Services

Aug 16, 2001

Budget Group, Inc., which owns Budget Rent a Car Corporation and Ryder TRS, Inc., announced the appointment of Tyler Best as Vice President, Chief Technology Officer and David Coonfield as Vice President, Shared Services. Best will oversee all information technology functions across Budget Group. He most recently serve ... Continue reading

Rent-A-Wreck of America Announces First Quarter Results

Aug 15, 2001

Rent-A-Wreck of America, Inc. announced earnings for its first fiscal quarter ended June 30, 2001. The Company reported an increase in net revenues of 18% from $1,729,677 to $2,047,885, which was mainly due to a 37% increase in initial license fees and a 36% increase in premiums in connection with the reinsurance progr ... Continue reading

Ford, Navistar Join Forces to Create Blue Diamond Truck Company

Aug 8, 2001

Ford Motor Company and Navistar International Corporation today finalized plans to form a joint venture to build medium commercial trucks. The joint venture will also furnish truck and diesel engine service parts to Ford and International and explore other advanced diesel engine opportunities. The joint venture, named ... Continue reading

Alamo/National Reports Second Quarter Loss and Lowers Full Year Forecast

Aug 2, 2001

FORT LAUDERDALE, Fla.--Aug. 2, 2001-- Enters Seasonally Strongest Quarter With Fleet Right-Sized; Retains Lehman Brothers to Explore Strategic Alternatives to Maximize Shareholder Value ANC Rental Corporation today announced a net loss for the second quarter 2001 of $23.6 million or $0.52 per share, compared to net inc ... Continue reading

Payless Car Rental Offers $30 Daily Rate During 30th Anniversary

Jul 30, 2001

Payless Car Rental is offering a mid size car for $30 per day to commemorate the company's 30th anniversary. This special rate is available through mid December and can be secured through your local travel agent, participating Payless locations and online at http://www.PaylessCarRental.com. "Taking care of our customer ... Continue reading

Ryder Declares Regular Quarterly Cash Dividend

Jul 27, 2001

The Board of Directors of Ryder System, Inc. , a global leader in supply chain and transportation management solutions, today declared a regular quarterly cash dividend of $0.15 per share of common stock, it was announced by Chairman M. Anthony Burns. The dividend will be paid on September 20, 2001 to shareholders of r ... Continue reading

FIRSTLINE POLY Cancels Agreement With 'CHEAP HEAP AUTO RENTAL LTD.'

Jul 23, 2001

The Board of Directors of Firstline Poly Products International, Inc. regrets to announce that based on the due diligence report received, the company is unable to proceed with the acquisition of CHEAP HEAP AUTO RENTAL LTD. A mutual release was signed between both parties. Delbert G. Blewett, President FIRSTLINE POLY P ... Continue reading

Dollar Thrifty Automotive Group Reports Second Quarter Results

Jul 19, 2001

Dollar Thrifty Automotive Group Reports Second Quarter Results TULSA, Okla., July 19 Dollar Thrifty Automotive Group, Inc. , today reported results for the second quarter ended June 30, 2001. Total revenue for the 2001 second quarter was $281.0 million, a 2.0 percent decrease from the 2000 second quarter. Net income fo ... Continue reading

Nissan Nixs Peugeot Diesel Engines

Jul 15, 2001

TOKYO — Japan Today reported that Nissan Motor Co has decided to halt diesel engine procurement during the current fiscal year from PSA Peugeot Citroen of France for its automobiles for sale in the European market, industry sources said Saturday. The Japanese automaker will instead procure diesel engines for the ... Continue reading

Rent-A-Wreck Announces Earnings for Its Fiscal Year Ended March 31, 2001

Jul 14, 2001

OWINGS MILLS, Md--July 13, 2001--Rent-A-Wreck of America, Inc. announced earnings for its fourth quarter and fiscal year ended March 31, 2001. Due to a one-time expense of $1,234,560 for the repurchase of 957,721 options incurred in the third quarter, operating income in fiscal 2001 declined 66% to $344,935 from $1,002 ... Continue reading

Dollar Rent A Car Rates as Low-Cost Leader

Jul 13, 2001

Dollar Rent A Car Rates as Low-Cost Leader TULSA, Okla., July 12 According to the May Consumer Reports Travel Letter, Dollar Rent A Car again proves its reputation as being one of the nation's low-cost leaders. A recent survey by the Consumer Reports Travel Letter showed DOLLAR(R) consistently having the lowest rates o ... Continue reading

Avis Tries Harder to Make College Affordable, Joins Upromise College Savings Network

Jul 11, 2001

Avis Tries Harder to Make College Affordable, Joins Upromise College Savings Network Becomes Upromise's Exclusive Rental Car Participant GARDEN CITY, N.Y., July 10 Avis Rent A Car, Inc. today announced it will contribute five percent of rental charges into college savings accounts with tax advantages for Avis customers ... Continue reading