Hints and tips:
...India’s biggest start-ups are turning thrifty amid a new reality in which capital has become hard to come by....
...But prices for used cars have slumped as car dealerships and other rental car companies rushed to sell their inventory....
...Clown car maker Aston Martin needs more money....
...Hertz, whose car rental brands include Dollar and Thrifty, has seen increasing competition from the rise of car-booking apps like Uber and Juno....
...Hertz and other car rental companies have seen rental car rates slip amid the rise of car-booking apps like Uber, Lyft and Juno, which also allow their customers to pool rides....
...For Hertz, the disappointing results underscore the trouble that it and other car rental companies have had in expanding their businesses at a time when car-booking apps like Uber and Lyft are changing how...
...We thought we'd turn our attention to a corner of that expanse, $23bn worth of investment properties....
...Rental car companies have struggled to right their businesses as rental care rates have slipped amid the rise of ride-hailing apps like Uber and Lyft, which also let their customers pool their rides....
...However, that rally came after shares had underperformed last year amid concerns about used car pricing and a weak rental car market....
...Shares of car-rental companies Hertz Global Holdings and Avis Budget Group stalled out on Thursday, after an analyst at Morgan Stanley said his outlook on the car-rental business remains dim despite a short-term...
...Shares of car-rental companies Hertz Global Holdings and Avis Budget Group stalled on Thursday, after an analyst at Morgan Stanley said his outlook on the car-rental business remains dim despite a short-term...
...The slumping value of second-hand cars forced it to take a $86m impairment charge on its US car rental business....
...It’s time for another changing of the guard at Hertz Global Holdings, the parent company of the Hertz, Dollar and Thrifty rental car franchises....
...A thrifty Asian powerhouse saves and invests its way to economic stardom, inspiring admiration and paranoia in the rich world....
...He blamed some of the issues on the continuing effects of Hertz’s acquisition in 2013 of Dollar Thrifty, the rival car rental company....
...It is only August, but so far in 2014 car rental group Hertz Global has suffered through 1) an accounting mess that is preventing it from filing current financial statements and will lead to revisions of...
...Carl Icahn, the activist investor, has made a move on Hertz, the US car rental group, revealing an 8.48 per cent stake and saying he could seek seats on the board, a day after the company said it expected...
...Investors in Hertz need to show a little patience – not unlike its customers waiting at the counter. A series of prominent activists, including Carl Icahn, have bought stakes in the car rental company....
...The car rental company fell as much as five per cent in matter of a minutes before recovering....
...of the US car rental market....
...Hertz shares gained 1.4 per cent to $14.54 as the Federal Trade Commission approved its $2.3bn takeover bid for rival car rental company Dollar Thrifty Automotive Group ....
...News that the rental car company would pay $87.50 a share for Dollar Thrifty, more than twice its initial offer in April of 2010, was greeted with a racy 11 per cent jump in the share price....
...For Avis Budget, the deal offers a path to growth in a heavily consolidated US car rental market....
...In deal news, car rental chain Avis Budget Group said it would acquire ZipCar, the US car sharing network, for about $500m in cash at a price of $12.25 a share....
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