Author: Auto Rental International Online News

Hertz’s Reorganization Plan Ok’d by Bankruptcy Court

Hertz achieved payouts to equity, which are virtually unheard of in Chapter 11. Photo via flickr/www.dhub.com. The bankruptcy court overseeing Hertz Global Holdings Chapter 11 proceedings has approved Hertz’s reorganization plan, the company reported on June 10. The court’s approval clears the way for Hertz to emerge from Chapter 11 by the end of June. According… Continue reading Hertz’s Reorganization Plan Ok’d by Bankruptcy Court

Carsharer Virtuo Raises $96M

The online carsharing company is receiving a $60 million Series C and $36 million in asset financing, with AXA Venture Partners leading the equity round. Photo via Depositphotos. Virtuo, a carsharing startup based in France, has raised $96 million to invest in its technology and expand to more European markets, according to a report by… Continue reading Carsharer Virtuo Raises $96M

Ford Maverick: What Can a Compact Pickup Do for Fleets?

Ford brought a display model to its Irvine, California offices to allow journalists to photograph, crawl through, and ask questions. Driving impressions will have to wait until the fall. Photo by Chris Brown. How many work vehicles are over spec’d simply because there are no models that match their applications? Ford is essentially reinventing a… Continue reading Ford Maverick: What Can a Compact Pickup Do for Fleets?

Hiyacar Names New Chairman, CFO

Jason Frank has been a presence at Hiyacar since 2018 after he led a major investment round in the company. Photo via Hiyacar. Carsharing platform Hiyacar has announced the appointment of Jason Frank as chairman and CFO to contribute to the company’s growth.  Frank has been a presence at Hiyacar since 2018 after he led… Continue reading Hiyacar Names New Chairman, CFO

Surprice Wins Franchise Award

This award was created the Franchise Success Media Group to reward the practices followed by franchise chains that have given innovation and new business structure to the industry. Photo via Depositphotos. Surprice Car Rentals was named a Gold Winner of the “Franchise Business Model Innovation Award,” the company announced last week.  This award was created the Franchise… Continue reading Surprice Wins Franchise Award

CAR Event Ready to Take Off with Vegas Reopening

“WELCOME” is looking even better than it did at the entrance to the 2019 CAR event. How normal will this one be? Registrations are picking up in the final two-week sprint to the June 15-17 event at Caesar’s Las Vegas. The more who show up, the more it’s all coming back. . . Photo: Automotive… Continue reading CAR Event Ready to Take Off with Vegas Reopening

Ford to Debut Maverick Compact Pickup

[embedded content] Ford will introduce an all-new compact pickup to its model lineup June 8. “Months of rumors, spy shots and speculation have all led to this moment. It’s true – Ford is adding an all-new compact pickup to the lineup, and it’s called Maverick,” the company said in a statement June 3. The speculation dates… Continue reading Ford to Debut Maverick Compact Pickup

Treasury Declines to Expand CERTS Eligibility to Car Rental

For CERTS funding, Treasury limited eligibility for the grants to the small number of industries specifically listed in the law and declined to use its discretion to expand eligibility to other industries such as car rental. Photo via Flickr/Mark Fischer. The American Car Rental Association provides the following updates on current issues of interest to… Continue reading Treasury Declines to Expand CERTS Eligibility to Car Rental

Charting Disruption and Resiliency in Car Rental

Since the founding of the car rental industry over a century ago, there have been multiple external disruptive forces to impact the industry — the last 20 years being the most tumultuous. Image via freeIMG.net/supervennix. The first Car Rental Show — then called the Auto Rental News Show — attracted 525 car rental operators and… Continue reading Charting Disruption and Resiliency in Car Rental