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
Author: Auto Rental International Online News
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
TSD Extends Exclusive Provider Partnership With U-Save
Once enrolled with TSD, each location receives access to TSD’s rental system, which includes a credit card processing module, signature capture, and custom reporting to track specific KPIs. Photo courtesy of U-Save. TSD Mobility Solutions finalized a three-year global agreement with U-Save Car & Truck Rental this past week. Beginning this month, TSD will continue as… Continue reading TSD Extends Exclusive Provider Partnership With U-Save
Surprice Opens 4 New Locations in Greece
Despite the challenging circumstances of COVID-19, Surprice Car Rentals has developed a new policy for an updated quality control of its services. Photo via Depositphotos. Surprice Car Rentals has launched corporate stations in downtown Athens, and the Athens, Thessaloniki, and Heraklion airports, the company announced. Despite the challenging circumstances of COVID-19, Surprice Car Rentals has developed a… Continue reading Surprice Opens 4 New Locations in Greece
Wholesale Values Continue to Climb in February
Graphic: Black Book Wholesale values continued their ascent in the final weeks of February, with nearly all reporting segments experiencing gains, according to the latest data from Black Book. The car segments continued their gains this past week, with the rate of increase growing 0.61%. Sporty cars had the largest increase at 1.09%, making this… Continue reading Wholesale Values Continue to Climb in February
MarginFuel’s Demand Tool Shows Car Rental Yield Opportunities
The pricing data is presented in an interactive format, with the ability to see pricing hotspots around the world rising and falling versus the previous week. Graphic courtesy of MarginFuel. MarginFuel, a global supplier of pricing optimization software for rental vehicle operators, has announced the launch of MarginFuel Insights, a live tool that gives pricing and… Continue reading MarginFuel’s Demand Tool Shows Car Rental Yield Opportunities
Car Rental Companies Persevere in Texas
The deadly, once-in-a-generation winter storm that left millions without power in Texas had car rental companies scrambling to maintain operations and get customers safely on their ways. An employee of Airport Van Rental in Dallas digs out of the snow. Photo courtesy of Airport Van Rental. According to Marcus Echtler, Sixt’s regional VP for Texas,… Continue reading Car Rental Companies Persevere in Texas