The ongoing battle for ownership of Dollar Thrifty has been stepped up once again. The Avis Budget group has announced that it has raised the cash portion of its bid for the Tulsa-based Dollar Thrifty, intensifying its hostile bidding war with rival Hertz Global Holdings. Yesterday, Avis declared that it would now be offering $40.75 [...]

Investors with the Dollar Thrifty Automotive Group have asked for a vote by shareholders over the Hertz takeover bid to be stopped. The high-profile and protracted bidding war that has waged for months between Hertz and rival Avis, has left investors in the smaller Dollar Thrifty organisation dubious as to whether the company is getting [...]

Men have dominated the results of the latest survey about British drivers abroad. A new study by leading car hire company Avis has found that when it comes to getting behind the wheel in a foreign country, it is a man’s world, with 94 per cent of British males stating categorically that they wish to [...]

Avis UK is capitalising on the success of its home delivery service. The leading British car hire company today announced it has extended the ‘Home Delivery’ service to the London. The move is designed to provide greater convenience to customers based in the capital, with the service allowing users to have their hire vehicle delivered [...]

The Avis Budget Group has suffered one of the biggest second-quarter losses on the share market. The group, which along with Hertz Global Holdings, is involved in the high-profile, protracted bidding war for Dollar Thrifty Automotive Group. The past five months have seen analysts estimates prove to be well off the mark as Avis tumbled [...]

In the period following any potential takeover of Dollar Thrifty, the Hertz group could achieve cost savings of USD$180 according to its CEO. On Wednesday, mark Frissora claimed during a conference call that the $180 million figure was at the lower end of projections of costs savings’ should the takeover go ahead. Frissora said that [...]

The ongoing takeover speculation is not hurting the balance sheet at Dollar Thrifty. The group has reported a higher than forecasted quarterly profit, with further growth anticipated for the second half of the year. As the subject of the high-profile bidding war between Hertz and Avis, Dollar Thrifty has enjoyed the attention to turnaround a [...]

Hertz Global Holdings has announced that it has been given permission in Canada to proceed with the Dollar Thrifty bid. Canadian antitrust approval was been granted for the buyout, though Hertz did not say if they would be improving on the higher bid from rival Avis, stating only that the plan was going ahead with [...]

With the modern commercial emphasis on environmental sustainability, the need to reduce one’s carbon footprint has been more important than ever. With the fragile state of the planet squarely in mind, Avis Car Rental has been able to make significant reductions in its carbon impact at its KwaZulu-Natal regional depot through the use of recycled [...]

The ongoing battle for control of Dollar Thrifty has taken another twist. The dispute, which has seen Hertz, the second largest US car rental company, and Avis, the third largest, locked in an increasing bitter battle for the smaller outfit, has been ongoing since before last Christmas, when Hertz offered the initial USD$1.2 billion bid [...]