Car rental firm Dollar is nearly ready for its entry into Jordan’s car hire market. The company recently announced its expansion into the Middle Eastern country, where it is basing its operations on Airport Road near Amman International Airport. The firm’s initial operations will include branches in both Terminal 1 and Terminal 2 of Jordan’s [...]

US-based Rental firm Dollar Thrifty is seeking its final offers from Hertz and Avis for a much anticipated acquisition. Dollar Thrifty Automotive Group Inc has been the centre of an ongoing saga between the two of the largest US rental firms for months, as both have thus far seen failed attempts to move forward with [...]

Separate business entities carrying the Avis Rent-a-Car brand are to be reunited following a $1 billion deal. The news comes 25 years after the firm split into Avis Budget -still featured on the NYSE- and Avis Europe, which is currently listed in London. Following the split, the US-based firm bought the European company in a [...]

Car hire firm Dollar thrifty has upped its forecasted profit figures for 2011. The new prediction for strong earnings pushed the company’s shares up 4% early in the week despite overall concerns that record-high fuel prices will dampen the travel industry over the coming year. The firm said that the improvement comes as a result [...]

Shares for global car hire firm Hertz jumped on Tuesday as the company announced better than previously forecasted fourth-quarter adjusted profits. The US-based firm, which recently failed on a bid to acquire smaller car rental firm Dollar Thrifty, announced on Tuesday its adjusted 2011 net income forecast of $330-$355 (£203-£219 million) on revenues between $7.95-$8.1 [...]

Two major car hire firms have reported progress with the FTC on a possible acquisition deal. Avis Budget and Dollar Thrifty Automotive Group announced on Tuesday that both firms believe that talks with the US Federal Trade Commission have made real progress. The FTC however has not released any new information on its stance regarding [...]

Dollar Thrifty Automotive Group announced on Wednesday that its chairman will step down. The company also revealed his replacement. Thomas P. Capo, 57, will be retiring whilst former Dollar Thrifty director Richard W. Neu will become the new chairman. Neu had first been elected in 2006 as director of Dollar Thrifty. The 52 year-old had formally served as [...]

Dollar Thrifty is expecting to report improved fourth quarter earnings in 2010. The quarter traditionally brings a slump to the company’s revenues, however analysts say this year is different. The news coincides with rising revenues from rival companies including Hertz Global as well as Avis Budget, whom is currently working to merge with Dollar Thrifty. [...]

Major car rental firm Dollar Thrifty completed the placement of $450 million in notes on Thursday. Dollar Thrifty Automotive Group officials said placement of the asset-backed notes was done in anticipation for the company’s need to finance future fleets. The notes have been AA by Dominion Bond Rating Service Inc. They carry an interest rate [...]

Car rental firm Avis has reportedly sold $400 million of debt in an attempt to help pay for the company’s proposed acquisition of smaller firm Dollar Thrifty. Avis will use the proceeds of the sale to help pay off outstanding debt, according to a source close to the New Jersey-based firm.   The news of [...]