February 27, 1999
Hertz to Raise Rates: Hertz Corp., the world's largest car rental company, said Friday that it is raising all its non-contract car rental prices in the United States by $3 a day, effective March 1, a move that may prompt similar increases by rivals. Hertz declined to comment on a reason for the increase.
December 9, 1998 |
Travelers at Los Angeles International Airport now have an alternative to that gas-guzzling rental car: an electricity-guzzling rental car. EV Rental Cars is set to open today at Budget Rent A Car facilities at LAX, marking the first rent-by-the-day operation in the U.S. to offer electric vehicles.
August 27, 1998 |
If you don't own a classic car but would like to be a great pretender--for a special night out, to impress the in-laws or just to feel what it's like to rise above the masses for a bit--well, you're living in the right part of the country. Southern California overflows with car-rental outfits, and most are run by people who know their market and their customers.
CALIFORNIA | LOCAL
May 9, 1998 |
The bullet-riddled body of a man was found Friday morning slumped over the steering wheel of a rental car parked along the Antelope Valley Freeway, authorities said. California Highway Patrol officers discovered the body at 3 a.m. when they responded to a report of a traffic accident on the freeway north of Shadow Pines Boulevard, said Officer Doug Sweeney of the CHP's Newhall Station.
April 24, 1998 |
Car rental companies are lifting prices--and keeping them higher--for the first time in years and, though the price hikes are modest, they're helping to drive the $16-billion industry to sizable profit gains. Consumers enjoyed a decade of little or no price inflation at car rental counters because the companies, many of them then owned by the Big Three auto makers who were determined to maintain market share at any cost, routinely kept prices low.
March 31, 1998
Volkswagen dealers say they can't get them fast enough, but 10 hot-selling new Beetles have found their way to Budget Rent A Car of Beverly Hills, where they are being offered at a not-so-budget rate of $75 a day. The rental agency, which specializes in exotic cars for Hollywood's elite--and wannabes--said it acquired its Beetles through a cadre of buyers who signed up on VW dealer waiting lists all over the country.
CALIFORNIA | LOCAL
December 9, 1997
The Los Angeles Board of Airport Commissioners has approved several car rental concession contracts that are expected to generate an additional $4 million for Los Angeles International Airport in 1998, airport officials said. The board awarded nine car rental companies that operate businesses on and off airport property with contracts to serve travelers at LAX for the next five years. Over the last two years, six car rental agencies have had service agreements with LAX.
October 9, 1997 |
Hertz Corp., Avis Rent A Car Inc. and six other car-rental companies won't have to pay fines for age discrimination as part of a suit filed by New York Atty. Gen. Dennis Vacco, because they didn't think their policy was illegal, a state judge ruled. Vacco sued Hertz, Avis, Alamo Rent A Car Inc., Budget Rent A Car Corp., National Car Rental Systems, Enterprise Rent A Car, Dollar Systems Inc. and Thrifty Rent-A-Car System Inc. in 1994, claiming that they wouldn't rent cars to people under 25.
August 12, 1997 |
HFS Inc. said its Avis Rent A Car Inc. unit agreed to buy its second-largest North American franchisee, First Gray Line Corp., for about $195 million in cash. First Gray has 70 locations throughout Southern California and the Southwest. In a separate deal Monday, Republic Industries Inc. agreed to pay $150 million for EuroDollar Holdings in a move designed to give it a foothold in Europe. In the last year, Republic has acquired several U.S. car rental companies.