24th
February
2010
The leading British-based car rental comparison site, Carrentals.co.uk has cautioned Easter holidaymakers that reservations are essential this year lest would-be drivers find themselves at the receiving end of surging hire demand as witnessed in the last few weeks of summer.
The well-known website warned that attractive money-saving deals and model availability may be limited in their offerings following initial reservations throughout the industry pointing to an unusually high demand for vehicles. This Easter appears to have become the default holiday period for many who ‘stay-cationed’ over the festive season in a bid to overcome the inflated prices of the recession-hit tourism [...]
posted in Car Rental |
24th
February
2010
The world’s largest car rental brand, The Hertz Corporation, has won a favourable ruling from the US Supreme Court in the hotly debated case of Hertz vs. Friend. The case revolved around a lawsuit which brought into question how the principal place of business for a national corporation could be defined by the court.
The hire car giant has argued that the headquarters of a corporation are its epicentre and therefore should be classified as the primary place of business. This position was upheld by the Supreme Court who implemented what they termed a nerve centre test. Such a test sees [...]
posted in Car Rental |
24th
February
2010
Hertz Global Holdings, owners of Hertz Rent A Car, has reported a narrow 4th quarter loss steered along by improvements in the US car rental industry and with a recent cost cutting strategy.
In the final quarter of last year, the firm recorded a net loss of $30.9 million, or 8 cents per share, compared with [...]
posted in Car Rental |