Hertz Buy Advantage Rent A Car For $33M

Hertz Global Holdings Inc. (HTZ) will buy Advantage Rent A Car for $33 million, after the rental-car company's bid won out over another offer for the company.Advantage, suffering along with the rest of the sector from the weak economy and tight credit, filed for Chapter 11 bankruptcy protection in December. The company, which posted 2008 revenue of $146 million, has 20 locations, down from 140 at

READ MORE - Hertz Buy Advantage Rent A Car For $33M

Hertz Buy Advantage Rent A Car For $33M

Hertz Global Holdings Inc. (HTZ) will buy Advantage Rent A Car for $33 million, after the rental-car company's bid won out over another offer for the company.Advantage, suffering along with the rest of the sector from the weak economy and tight credit, filed for Chapter 11 bankruptcy protection in December. The company, which posted 2008 revenue of $146 million, has 20 locations, down from 140 at

READ MORE - Hertz Buy Advantage Rent A Car For $33M

Car Rental Agencies Cut Fleets as Tourists on Decline

With fewer tourists vacationing on Maui, car rental companies have decreased their fleets - some by double-digit percentages, leaving renters scrambling to find available vehicles."We probably won't come (to Maui) until June, if we can get a car over there," said John Farmer, of Portland, Ore., who visits Maui five times a year.Farmer was planning a March visit but said cars were sold out at his

READ MORE - Car Rental Agencies Cut Fleets as Tourists on Decline

Car Rental Agencies Cut Fleets as Tourists on Decline

With fewer tourists vacationing on Maui, car rental companies have decreased their fleets - some by double-digit percentages, leaving renters scrambling to find available vehicles."We probably won't come (to Maui) until June, if we can get a car over there," said John Farmer, of Portland, Ore., who visits Maui five times a year.Farmer was planning a March visit but said cars were sold out at his

READ MORE - Car Rental Agencies Cut Fleets as Tourists on Decline