Rental Car Companies Hertz and Dollar Thrifty Agree To Merger

Discussion in 'Hertz | #1 Awards/#1 Club' started by sobore, Dec 23, 2013.

  1. sobore
    Original Member

    sobore Gold Member

    Likes Received:
    Status Points:

    Rental car companies Hertz Global Holdings and Dollar Thrifty Automotive Group announced that they have reached a merger agreement. The deal would see Hertz buy Dollar Thrifty for $2.3 billion. Hertz also will thus sell its Advantage car rental business to Franchise Services of North America.

    Hertz has sought to buy Dollar Thrifty for nearly three years. The Dollar Thrifty Automotive Group comprises the Dollar Rent a Car and Thrifty Car Rental brands, both of which will become part of Hertz's empire under the deal. In a slideshow shown to investors, Hertz said that it currently has 8500 rental locations (including 26 percent of U.S. airports) and 23,900 employees. Dollar Thrifty has 280 locations and 5900 employees.

    Hertz says it will benefit from improved economies of scale, in part by being able to get better deals on higher volumes of new cars from automakers. The company also gets access to more rental locations. Dollar Thrifty, meanwhile, says it will be able to expand its low-budget car rental operations to more regions.

    Read More:
    Newscience, MX and uggboy like this.
  2. MX

    MX Gold Member

    Likes Received:
    Status Points:
    Ouch, somebody slap the FTC awake!
  3. Sammich

    Sammich Gold Member

    Likes Received:
    Status Points:
    Higher Thrifty rental prices in 3...2...1...

Share This Page