Hertz has promised that if its $1.3 billion bid for Dollar Thrifty is accepted, then employees of the budget car hire firm in Tulsa would be secure in their jobs for at least three months following the take over. Hertz chief executive, Mark P Frissora, said in a letter to Dollar Thrifty chief executive, Scott […]

Analysts believe that it is unlikely that another bidder will come to the table with an offer to purchase Dollar Thrifty. Currently, Hertz has put up a $940 million bid for the group, and rivals, Avis are considering putting in a counter offer. Analyst at Abrams Consulting Group, Neil Abrams, said that he couldn’t see […]

The second and third largest car hire firms in the US have raised the stakes in their fight to secure control over the fourth largest brand, Dollar Thrifty. Third largest rental firm, Hertz, has already put in a bid of $1.2 billion, and the nation’s second largest, Avis, is gearing up to put in a […]

A few days ago it looked like car rental firm Dollar Thrifty had all but made up its mind that it would be accepting a takeover bid from rivals, Hertz Global Holdings. However, an astonishing surge in the performance of Dollar Thrifty’s share price, has prompted Avis Budget Group to propose a counteroffer. When Hertz […]

Hertz has announced that it is to buy rivals, Dollar Thrifty. The two car hire firms have signed a definitive agreement which will see the rental giant acquire Dollar Thrifty at a price of $41.00 per share using a combination of common stock and cash. The purchase price is based on the closing price of […]

Dollar Thrifty Automotive Group announced yesterday that it has completed its inventory ordering cycle for 2010 model vehicles, and has launched a new strategic objective of fleet diversification for next year when new orders are delivered. The 2010 vehicle orders aim to provide customers with a more diverse range of vehicles, allowing the company to […]

A good number of prominent car hire companies have announced over the last few weeks that business is finally taking a turn for the better, allowing them to open new branches and increase their fleets of available hire cars. However, not all companies are back in the black just yet. Well known car hire company […]

The Hertz car rental company is seeing signs that there is an increased demand for vehicles for holidaymakers that are foregoing flights and instead travelling to destinations within driving distance of home. Hertz showed its investors a forecast that was considerably different to what Wall Street had predicted. On 25th June Hertz came out on […]

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