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January 13, 1995 | From Times Staff and Wire Reports
GM Sale of National Car Rental Falls Through: The auto maker said it has ended talks to sell its National Car Rental System Inc. unit to a group led by Vestar Equity Partners and is assessing various alternatives. General Motors Corp. spokeswoman Toni Simonetti said one option being considered is simply keeping National, which earned a profit last year. Simonetti declined to comment on whether there have been discussions with other potential buyers.
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BUSINESS
January 13, 1995 | From Times Staff and Wire Reports
GM Sale of National Car Rental Falls Through: The auto maker said it has ended talks to sell its National Car Rental System Inc. unit to a group led by Vestar Equity Partners and is assessing various alternatives. General Motors Corp. spokeswoman Toni Simonetti said one option being considered is simply keeping National, which earned a profit last year. Simonetti declined to comment on whether there have been discussions with other potential buyers.
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