Tom Callahan is president of Donlen. Photo courtesy of Donlen. Hertz Global Holdings announced on March 30 the successful completion of the sale of substantially all the assets of its wholly owned subsidiary, Donlen Corporation to Athene Holding Ltd, the companies said in a statement. Hertz received $891 million in cash proceeds per the terms of the transaction,… Continue reading Hertz Completes Sale of Donlen to Athene Holding
Author: Auto Rental International Online News
Manager of National Fleet Operations for Mazda Passes Away
Dave Funston, manager, national fleet operations for Mazda North American Operations, passed away on April 1, 2021, following a three-year battle with colon cancer. He was 61. Funston joined Mazda North American Operations in January 2013 as the manager of its national fleet operations, a position he held until his death. He has the distinction,… Continue reading Manager of National Fleet Operations for Mazda Passes Away
Savva Rent a Car Sues Getaround for Alleged Insurance-Related Fraudulent Business Practices
Savva believes that some of its claims were simply abandoned by Getaround, even after months of numerous requests for status updates. Image via Pixabay/Okan Caliskan. Savva, a family-owned car rental company serving Southern California, has filed a civil lawsuit against car rental marketplace Getaround Inc., the company announced on March 24. The lawsuit alleges that Getaround… Continue reading Savva Rent a Car Sues Getaround for Alleged Insurance-Related Fraudulent Business Practices
Green Motion Launches Refrigerated Vehicle Unit
The service has gone live today at four pilot locations in the United Kingdom, supporting central England and Scotland, and provides a range of chilled and refrigerated vans, trucks, and trailers for rental. Photo courtesy of Green Motion. Global franchise and affiliate car rental brand Green Motion, which operates in over 50 countries around the… Continue reading Green Motion Launches Refrigerated Vehicle Unit
Green Motion to Reopen in Iceland
The Green Motion Iceland team, lead by Jón Óli Ómarsson and Steinarr Lár, have a brand new location opening closer to Reykjavik Airport. Photo via Depositphotos. Green Motion announced it will be reopening its operations in Iceland on May 1, in line with the Icelandic Government’s easing of travel restrictions which include an expansion of… Continue reading Green Motion to Reopen in Iceland
New Tool Helps Fleets Analyze EV Adoption Options
The Dashboard for Rapid Vehicle Electrification — or DRVE Tool — offers fleets a quick, free and easy way to gather customized insights about how to maximize cost and emissions savings. File photo: ROUSH The Electrification Coalition has released a new online tool that allows vehicle fleet managers to conduct cost and emissions analysis of… Continue reading New Tool Helps Fleets Analyze EV Adoption Options
Sixt SE Announces Senior Management Succession Plan
Erich Sixt took over the company in 1969 from his father when it was still a local brand in Munich, Germany. Photo courtesy of Sixt. Sixt CEO Erich Sixt will resign from his position on the management board after the annual general meeting on June 16 of this year. Sixt (76) has helmed Sixt for… Continue reading Sixt SE Announces Senior Management Succession Plan
Six Utilities Team Up To Form Regional EV Charging Network
This effort will provide drivers with effective, efficient, and convenient charging options that enable long-distance EV travel. Photo: Pok Rie from Pexels Six major utilities announced a plan March 2 to ensure that electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highway systems from the Atlantic Coast, through… Continue reading Six Utilities Team Up To Form Regional EV Charging Network
Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy
Last year, Hertz bidders Knighthead and Certares created an investment fund that looks to capitalize on an expected rebound in travel companies disrupted by the coronavirus pandemic. Photo courtesy of Hertz. Two investment firms, Knighthead Capital Management and Certares Management, have agreed to pay a combined $4.2 billion to buy Hertz Global Holdings, according to a… Continue reading Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy
Hertz Posts Net Loss of $1.7B in 2020
For the year, Hertz’s revenue was $5.3 billion, with a net loss of $1.7 billion and an adjusted EBITDA loss of $995 million. Liquidity at the end of 2020 was $1.1 billion. Photo courtesy of Hertz. On Feb. 26, Hertz Global Holdings reported results for its fourth quarter and full year 2020. For the fourth quarter, the company’s revenue… Continue reading Hertz Posts Net Loss of $1.7B in 2020