Car hire firm Dollar Thrifty has rejected the latest take over bid by Hertz Global. The company said the Hertz had failed to meet with necessary requirements by a pre determined deadline. Dollar said that Hertz had not managed to protect against possible objections by the antitrust bodies.
Scott Thompson, chief executive of Dollar Thrifty, said [...]

Car hire firm Dollar Thrifty has said that it wants to see best final offers from Avis and Hertz, both of which are interested in gaining control of the smaller rival. According to Scott Thompson, Dollar’s chief executive, the prolonged uncertainty about the situation was in the best interests of nobody and that he was [...]

A deal worth $1 billion has been announced which will see Avis Europe reunited with Avis Budget in the US. The American company will purchase its European counterpart, which is listed in London, for 315 pence per share. D’Ieteren, the Belgian car dealership which owns a 60 per cent stake in Avis Europe has given [...]

The Autolib’ electric car rental scheme set to roll out in Paris in December is facing a challenge from more traditional car rental firms including Hertz and Avis. The hire companies are complaining that the scheme, which will allow tourists and residents in the French capital pick up a vehicle from docking stations around the [...]

As the battle for Dollar Thrifty continues between car rental giants Avis and Hertz, The board at Dollar is asking shareholders in the hire company not to tender shares after Hertz offered a buy out deal worth $2.25 billion. Stockholders have been advised by the Tulsa based company not to take any action, even though [...]

Car hire giant Avis Europe has announced an increase in rental income over the period January to April this year. It has put much of the increase in activity down to a noticeable increase in business customers. Income rose 5.2 per cent for the company which offers vehicles under both the Avis and Budget Rent [...]

Avis Rent a Car, one of the UK’s best known car hire brands, recently announced that it has increased the number of rental locations across the country by 50 per cent. In just the last two months Avis has managed to open the doors at a total of 37 brand new sites offering customers more [...]

Leading car rental provider Avis is gearing up to celebrate the ICC Cricket World Cup in India by rolling out special discounted prices for all customers who hire a car during the tournament. Avis India is offering a 20 per cent discount on all chauffeur driven and self-drive vehicles booked while the games are on.
The [...]

Leading car hire firm Avis is offering Brits the opportunity to enjoy the extra bank holiday at Easter with a range of competitive deals. Research conducted by the rental company suggests that around a third of all holidaymakers are intending to spend time on home soil enjoying the country’s numerous historic sites and beauty spots [...]

Hertz Global Holdings has announced profits for the third quarter have more than doubled when compared to the same period in 2009. Net income increased from $64.5 million last year to $156.6 million in the third quarter this year, or from $0.15 per share to $0.36 per share. The reasons for the growth are lower [...]