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Hertz Corp has named former Ford Motor CEO Mark Fields as its interim CEO, the company said on Tuesday. Fields succeeded Alan Mulally as president and CEO of Ford in
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A consortium led by Volkswagen on Monday handed in a proposal for a takeover of Europcar Mobility Group to France’s market regulator AMF, the automaker said on Monday, following through
A consortium led by Volkswagen has agreed with Europcar to introduce a tender offer for the French car rental company that values it at 2.9 billion euros ($3.4 billion) including
A consortium led by Volkswagen is in advanced talks to purchase Europcar in a deal that would value the French car rental company’s equity at about 2.5 billion euros ($3
Germany’s Volkswagen confirmed it is thinking of acquiring a majority stake in car rental company Europcar as it seeks to enter into the trend for consumers to rent instead of
After the company missed a $400 million lease payment in early May, they had to file for bankruptcy protection. Hertz abandoned its plan to sell $500 million in common stock
U.S. car rental company Hertz Global Holdings stated on Monday that it prepares to lay off 10,000 workers throughout its North America operations to cut costs amid the ongoing COVID-19
AAA Washington, an organization popular for providing roadside assistance, is starting an app-based car-rental service in Seattle this spring, regardless of the closure last year of similar services in the
Lyft stated on Thursday that it’s launching a car rental service, which will allow customers to rent a vehicle without needing them to go to the counter. Shares of Hertz and Avis dropped following
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