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January 11, 1993 | From Times Staff and Wire Reports
Former Value Rent-A-Car Owners Accused of Fraud: Value Rent-A-Car Inc. rigged its computer system to set up a scam overcharging customers who returned their cars with less than a full tank of gas, a federal indictment says. The indictment says Steven M. Cohen, one of three former owners charged, fixed Value's computer system in 1988 to add five gallons to the fuel tank capacity of every vehicle in Value's fleet. This allowed the Boca Raton, Fla.
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BUSINESS
January 11, 1993 | From Times Staff and Wire Reports
Former Value Rent-A-Car Owners Accused of Fraud: Value Rent-A-Car Inc. rigged its computer system to set up a scam overcharging customers who returned their cars with less than a full tank of gas, a federal indictment says. The indictment says Steven M. Cohen, one of three former owners charged, fixed Value's computer system in 1988 to add five gallons to the fuel tank capacity of every vehicle in Value's fleet. This allowed the Boca Raton, Fla.
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BUSINESS
May 2, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Mitsubishi Motor Sales of America announced Tuesday that it has agreed to acquire a majority stake in Value Rent-A-Car Inc. for an undisclosed sum. Mitsubishi said control of the Deerfield, Fla.-based rental car firm, which operates 25 rental outlets in six states, would provide added exposure for Mitsubishi products and good used cars for Mitsubishi's 416 U.S. dealers.
BUSINESS
August 14, 1992 | STEPHANIE GRACE, TIMES STAFF WRITER
The Federal Trade Commission announced Thursday that two of the nation's leading car rental firms have agreed to settle allegations that they engaged in unfair and deceptive business practices. The FTC accused Dollar Rent a Car Systems of Los Angeles and Value Rent-a-Car of Boca Raton, Fla.
BUSINESS
May 2, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Mitsubishi Motor Sales of America announced Tuesday that it had agreed to acquire a majority stake in Value Rent-A-Car Inc. for an undisclosed sum. Mitsubishi said control of the Deerfield, Fla.-based rental car firm, which operates 25 rental outlets in six states, would provide added exposure for Mitsubishi products and a good base of used cars for Mitsubishi's 416 U.S. dealers.
BUSINESS
June 27, 1990 | ROBERT E. DALLOS, TIMES STAFF WRITER
Chrysler Corp. agreed Tuesday to buy Los Angeles-based Dollar Rent A Car, the nation's largest privately owned auto rental company and the fourth largest overall. Neither company would disclose the purchase price. When it was reported earlier this month that the two were talking, one source said the price would be $70 million to $90 million. But Dollar founder Henry J. Caruso said in a telephone interview Tuesday that such estimates were "way off base."
BUSINESS
February 26, 1991 | JOHN O'DELL, TIMES STAFF WRITER
Mitsubishi Motor Sales of America's landmark purchase of a U.S. car rental firm has crash-landed in a Florida court, where the importer is battling its minority partners at Value Rent-A-Car Inc. in a case involving allegations of missing cash, cocaine possession and corporate spying. In a civil suit filed Feb. 17 in Broward County Circuit Court in Fort Lauderdale, three minority partners of Value are charging that Mitsubishi improperly suspended them from their $156,000-a-year jobs on Feb. 6.
BUSINESS
August 14, 1992 | STEPHANIE GRACE, TIMES STAFF WRITER
The Federal Trade Commission announced Thursday that two of the nation's leading car rental firms have agreed to settle allegations that they engaged in unfair and deceptive business practices. The FTC accused Dollar Rent a Car Systems of Los Angeles and Value Rent-a-Car of Boca Raton, Fla.
BUSINESS
June 27, 1990 | John O'Dell, Times staff writer
Ever wonder from whence hail all those "low-mileage" beauties auto dealers try to steer you toward as you're reeling from sticker shock in the new car department? Well, wonder no more. They come from corporate and rental fleets. Earlier this year, Mitsubishi Motor Sales of America Inc. decided that a rental firm was just what it needed to boost the visibility of its cars and provide its dealers with a stream of used vehicles.
BUSINESS
August 12, 1997 | From Times Wire Services
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.
BUSINESS
February 26, 1991 | JOHN O'DELL, TIMES STAFF WRITER
Mitsubishi Motor Sales of America's landmark purchase of a U.S. car rental firm has crash-landed in a Florida court, where the importer is battling its minority partners at Value Rent-A-Car Inc. in a case involving allegations of missing cash, cocaine possession and corporate spying. In a civil suit filed Feb. 17 in Broward County Circuit Court in Fort Lauderdale, three minority partners of Value are charging that Mitsubishi improperly suspended them from their $156,000-a-year jobs on Feb. 6.
BUSINESS
June 27, 1990 | ROBERT E. DALLOS, TIMES STAFF WRITER
Chrysler Corp. agreed Tuesday to buy Los Angeles-based Dollar Rent A Car, the nation's largest privately owned auto rental company and the fourth largest overall. Neither company would disclose the purchase price. When it was reported earlier this month that the two were talking, one source said the price would be $70 million to $90 million. But Dollar founder Henry J. Caruso said in a telephone interview Tuesday that such estimates were "way off base."
BUSINESS
May 2, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Mitsubishi Motor Sales of America announced Tuesday that it has agreed to acquire a majority stake in Value Rent-A-Car Inc. for an undisclosed sum. Mitsubishi said control of the Deerfield, Fla.-based rental car firm, which operates 25 rental outlets in six states, would provide added exposure for Mitsubishi products and good used cars for Mitsubishi's 416 U.S. dealers.
BUSINESS
May 2, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Mitsubishi Motor Sales of America announced Tuesday that it had agreed to acquire a majority stake in Value Rent-A-Car Inc. for an undisclosed sum. Mitsubishi said control of the Deerfield, Fla.-based rental car firm, which operates 25 rental outlets in six states, would provide added exposure for Mitsubishi products and a good base of used cars for Mitsubishi's 416 U.S. dealers.
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