The collapse of air travel has pushed big car rental companies to cancel orders for new vehicles, punching a hole in sales for nearly a dozen U.S. automakers' including the Big Three in Detroit. Hyundai Motor Co's U.S. sales arm said Tuesday that its sales to fleets, including rental companies, fell by 79% in May, while retail sales grew by 5%. Automakers could lose up to 12% of their annual U.S. vehicle sales in 2020 as car rental companies slammed by the coronavirus pandemic slash fleets and
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. Hertz and its subsidiaries will continue to operate, according to a release from the company. Hertz's principal international operating regions and franchised locations are not included in the filing, the statement said.
Good news, rental car fans – Hertz has managed to expand its operations by over 1,500 locations. The company has reportedly just agreed to snatch up Dollar Thrifty car rental in a $1.17 billion deal that included both cash and Hertz stock. According to USA Today, that figure
Founded in 1918 with a fleet of just twelve Ford Model Ts, Hertz Global Holdings Inc. has grown into the world's largest rental car company with nearly 8,000 offices worldwide. According to to Reuters, on Friday, the company filed a lawsuit against Audit Integrity Inc. and its chief executive, Jack Zwingli, after its analysts published a report earlier this month indicating Hertz would be
Last summer, it was the Detroit Three that were restraining themselves from dumping cars into the gaping maw of fleet sales just to boost the bottom line. Turns out they had some help with that discipline: Due to last year's events, rental car fleets shrunk by 400,000 units from 2007 to 2008. As we begin 2009, rental car companies have declared they will be trimming their fleet orde
Click the image above to view the gassed 'Vette take on the Nissan GT-R after the jump
Imagine you're on vacation. You rent a car for your month-long stay in Mexico. You feel pretty comfortable passing on the optional insurance and go along on your merry way. All goes well until one stormy evening. Somewhere in the night you have a blowout. You phone it in and the people at Hertz tell you, "No problem, just bring it back and we'll replace the tire." Done. Report filed, agent tells you no worries again, there won't be any charges.
Automotive News has revealed that the third Shelby Mustang in Ford's pony car corral will be a retail version of the Hertz Shelby GT-H rent-a-racer called the Shelby GT. The car will be a 2007 model and production will be at least a few thousand. No word if the Shelby GT will differ from the rental car in any way, either visually or mechanically.
The folks over at SmartMoney.com have compiled a common-sense list of the "Top 10 Things Your Retntal Company Won't Tell You." In point of fact, we'd reckon that most of the pointers are forehead-smackingly obvious, but that doesn't mean that it isn't worth a quick refresher, or a good opportunity to relay your own tips to fellow Autoblog readers in comments.
The dice have been cast on the Shelby GT-H in Las Vegas where production of the limited edition Mustang has just begun at Shelby’s facility in the city of sin. The resurrected “Rent-A-Racer” will populate the planet to the tune of 500 copies that will be made available to rent through the Hertz Fun Collection at select airport locations nationwide later this year. W