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Hertz pays $2.3B for Dollar Thrifty

Car rental giant Hertz is in the process of purchasing Dollar Thrifty. The deal is said to be for $2.3 billion, according to an Associated Press report. As a result, Dollar Thrifty stock increased by seven percent in trading before the market opened today.

Hertz dubs its Zipcar competitor Connect

It looks like Hertz has finally heard of Zipcar. The popular car rental agency has just launched a new service called Connect, and it's a lot like the service offered by eight-year-old Zipcar. Connect customers will pay an annual fee that allows them to rent vehicles by the hour -- an arrangement very similar to the one offered by Zipcar. Members go online to make reservations and then use swipe cards to open