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BUSINESS
September 22, 1994 | From Bloomberg Business News
Hertz Corp., the nation's largest car rental company, today announced plans to boost car rental rates 8% to 10% to offset rising costs. The rental car industry's trade group said it won't be long before rival companies such as Avis Inc., Budget Rent a Car Corp. and National Car Rental Systems Inc. match Hertz. Hertz's price increases are effective immediately, except in Hawaii, where prices will be increased starting Oct. 1. In most U.S.
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BUSINESS
September 16, 1994 | From Reuters
Business travelers who rent cars are about to take another hit in the pocketbook. Rates are likely to go up again, mainly because the prices Detroit charges for new fleet cars have risen again, for the third year in a row, the rental car industry reports.
BUSINESS
September 2, 1994 | ROBERT L. JACKSON, TIMES STAFF WRITER
In a Justice Department settlement that may set a standard for the car rental industry, Avis Inc. agreed Thursday to provide autos with hand controls for customers with disabilities. Department officials said the voluntary settlement came after complaints were filed against Avis, the nation's second-largest car rental company, and 10 other rental car firms by people who said they were being denied service in violation of the Americans With Disabilities Act. U.S. Atty. Gen.
BUSINESS
August 11, 1994 | From Bloomberg Business News
A 10% to 15% increase in car rental costs is expected to push 1995 business travel costs up 2%, according to a study by Runzheimer International. The increase would still be below the 2.7% inflation rate that is projected for next year, the study found. The expected jump in car rental costs won't offset inventory costs, which have surged more than 60% over two years, the consulting firm's travel division said.
CALIFORNIA | LOCAL
June 15, 1994
Department of Motor Vehicles investigators arrested a 29-year-old man Tuesday whom they believe secured rental cars in Orange County, sold them as private vehicles using counterfeit papers, and then stole them back to return to the rental companies. Han Wook Kim was arrested at his Los Angeles apartment just after 5 p.m., DMV Investigator Tim A. Landrus said, and was being held at Orange County Jail.
BUSINESS
May 12, 1994 | From Reuters
Cellular phones have become one of the ways rental companies can provide a sense of security for business travelers. For example, Hertz Corp. recently announced free emergency service in its cars with in-place cellular phones. Following well-publicized violence against renters last year, the industry began to take a variety of steps to increase safety. Most have stripped car rental fleets of logos, signs and markers.
BUSINESS
April 28, 1994 | From Reuters
The state of New York on Wednesday sued five car rental companies for refusing to rent vehicles to licensed New York drivers between ages 18 and 25. The car rental companies say they cannot rent to the young drivers because no insurance is available--a claim the state disputes. The lawsuit, filed in State Supreme Court in Manhattan, names Hertz, National Car Rental System, Budget Rent A Car, Alamo Rent-A-Car and Ameri-Car.
BUSINESS
February 9, 1994
Changes in travel patterns are slowly taking place for economic, technological and sociological reasons, according to the 1993 "travel barometer" survey by Maritz Marketing Research Inc. for Budget Rent a Car. Some questions were concerned travel frequency in general while others were specific to the rental car habits.
BUSINESS
September 12, 1993 | DONALD W. NAUSS, TIMES STAFF WRITER
Experts call it a fundamental shift in consumer behavior: More and more new car customers are leasing rather than buying a vehicle outright or financing it over several years. A broad spectrum of motorists no longer thinks it is important to own the car one drives--a development akin to homeowners saying it is all right to rent. The American Dream may never be the same. "We are seeing a major cultural change," said George Reganis, director of leasing for General Motors Acceptance Corp.
BUSINESS
August 31, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Kia Motors North America said Monday that 100 of its new Sephia sedans have gone to rental-car service in Las Vegas. The 100 cars are the first of 3,000 Kias that the company aims to import to the United States and sell to rental fleets before new models go on sale next year. Budget Rent a Car, which received the first shipment two weeks ago, put the cars in service immediately, Kia Vice President Greg Warner said.
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