For the full-year 2018, total revenues were $9.5 billion, an 8% increase versus 2017. Photo via Despositphotos. Hertz Global Holdings reported results for its fourth quarter and year ending Dec. 31, 2018. For the fourth quarter 2018, total revenues were $2.3 billion, a 10% increase versus the fourth quarter 2017. Net loss attributable to Hertz Global was $101 million,… Continue reading Hertz Grows Q4 Revenue 10% to $2.3B
Author: Auto Rental International Online News
Europcar Makes Norwegian, Finnish Acquisitions
In Finland, Europcar is a market leader with a 31% market share. Photo courtesy of Europcar. Europcar Mobility Group has completed the acquisition of Europcar Finland and Europcar Norway. This single transaction marks the fourth and fifth national franchises acquired by the Group and extends its corporate network from 18 to 20 countries. The companies… Continue reading Europcar Makes Norwegian, Finnish Acquisitions
Egyptian Court Lifts Ride-Hailing Ban
The lower court’s March ruling suspended ride-hailing service in the country after taxi drivers filed an unfair competition complaint. Photo via Depositphotos. Egypt’s top court ruled in favor of ride-hailing services Saturday, lifting a ban imposed by a lower court, according to Middle East Online. The lower court’s March ruling suspended ride-hailing service in the… Continue reading Egyptian Court Lifts Ride-Hailing Ban
German Carsharing Claims 2.4M Users
Free-floating carsharing programs saw a usage increase of 14.9%; station-based programs experienced an even larger bump with a 21.5% usage increase. Photo courtesy of DriveNow. The number of vehicles people registered for carsharing services in Germany increased to 2.46 million users in 2018, DW reports. Data from Germany’s carsharing lobby, Bundesverband, also shows that the number of… Continue reading German Carsharing Claims 2.4M Users
Lime Rolls Out LimePod Carsharing
Lime also runs scooter- and bike-sharing operations. Screenshot via Michaela Kwoka-Coleman. Lime has officially launched LimePod, a free-floating carsharing service in Seattle, following a successful round of beta testing, Geek Wire reports. Now, anyone in Seattle can use the Lime app to rent one of the 500 cars available in the area. Lime, valued at… Continue reading Lime Rolls Out LimePod Carsharing
Hertz Agrees to $3.65M Settlement with San Francisco
The city attorney claimed Hertz misled its customers about how to avoid PlatePass and its expensive fees by using the free and convenient payment options offered by the Golden Gate Bridge. Photo via soomness/Flickr. San Francisco City Attorney Dennis Herrera announced that the Hertz Corporation has agreed to pay $3.65 million to settle a lawsuit brought against the… Continue reading Hertz Agrees to $3.65M Settlement with San Francisco
Avis Announces New CFO
North will oversee all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, tax, internal audit, investor relations, and treasury and risk management. Photo via Travelarz/Wikimedia. Avis Budget Group today announced that, effective March 18, John F. North III will join the company as chief financial officer. North will oversee… Continue reading Avis Announces New CFO
Hertz Forms Advertising Partnership with Eurowings
The reveal of the new livery took place at Düsseldorf, Germany airport this week in a ceremony that celebrated the companies’ joint commitment to provide the carrier’s passengers with a superior customer experience in the air and on the ground. Photo via Eurowings. Hertz announced that its brand has taken to the sky on the livery of… Continue reading Hertz Forms Advertising Partnership with Eurowings
Subscription Services: One Size Doesn’t Fit All
As different models find their ways to profitability, subscription services remain a hot automotive trend. Photo via Depositphotos. “The American Dream is moving from ownership to access,” says John Phelps, vice president of Clutch Technologies. “If we had tried to start this (a subscription platform) at the heart of the MTV Cribs era, it wouldn’t… Continue reading Subscription Services: One Size Doesn’t Fit All
UFODrive Opens New Brussels Location
UFODrive, an all-digital, all-electric car rental solution, offers transparent pricing and a consistentlcustomer experience. Photo via UFODrive. After successful launches at several European airports, UFOdrive is now expanding its electric car rental at Interparking 2 Portes, a prime carpark in Brussels city. UFODrive, an all-digital, all-electric car rental solution, offers transparent pricing and a consistentlcustomer experience. The new “UFObay”… Continue reading UFODrive Opens New Brussels Location