Used Fleet Car Sale Blog

Hertz could target Dollar Thrifty after dust from auto restructuring settles

Merger Market December 2008 As the hurricane gripping US auto manufacturers threatens to flatten weaker car rental agencies, New Jersey-based Hertz Global Holdings (NYSE:HTZ) could emerge an acquirer, according to two industry lawyers, an industry banker and an industry analyst. Dollar Thrifty remains the only large logical target for Hertz, they added. All the sources […]

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The “Blame Game” in Washington – excellent editorial

The following is put about as well as any I’ve seen as the calls for “the heads” of the domestic auto companies’ CEOs start to build. Who has asked for “the heads” of the dunderheads who got this party going in the first place? Read on: http://dealersedge.com/ME2/dirmod.asp?sid=&nm=&type=news&mod=News&mid=9A02E3B96F2A415ABC72CB5F516B4C10&tier=3&nid=C01B032AD44A4E94A154436AAC1BBD24

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More Spewing from Capital Hill

I took about 90 minutes today to listen the gas bag politicians grill three auto company CEOs about their business plan.  Too bad the CEOs didn’t get to grill the Senators about THEIR business plan, and how dysfuntional THEIR “companies” are. Sheeeesh…….. Along the way, CNN did a nice job of outlining how many direct […]

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Some comments about the auto industry from Mitch Albom – please read

I’m not really good with words, but I’m getting pissed at the unequal treatment the auto industry is getting from Washington.  Granted, the CEOs of GM, Ford and Chrysler did a poor job of articulating their problems, then compounded it with evasiveness (no, I wouldn’t do their job for $1.00 per year….why didn’t they just […]

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Rental-Car Biz Hit Hard by Credit Crunch

Advertising Age – November 17, 2008 DETROIT (AdAge.com) — The eight major car-rental brands have been hit by a perfect storm of lower demand, less airport travel, tight credit and a shift by automakers from their traditional stance of buying back most of their vehicles. Nearly all the big players, now controlled by just four […]

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GM Video

Well, this should certainly be a big week. It was unthinkable back on Sept. 16, 2001, when GM “got America rolling again…” that 7 short years later they, and the other domestic manufacturers, might be on the verge of collapse. The ripple effect of this would be catastrophic. Take a look at what GM says […]

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The quote nobody has been waiting for ….

“will approach the minimum amount necessary to operate its business”… ….is about the worst news that’s come out of Detroit in a while. Read on: http://money.cnn.com/2008/11/07/news/companies/gm/index.htm?postversion=2008110711

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How is the slow rental industry hurting the car making industry?

We spend a lot of time in the car rental industry, and the general slow economy, a slow airline industry, and other factors that are hitting the rental car business are now leaking over into the car-building business. Read on:   http://money.cnn.com/news/newsfeeds/articles/djf500/200811061614DOWJONESDJONLINE000926_FORTUNE5.htm

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Support for Detroit Automakers?

I’ve always been up front with our readers about my “home town slant”, as I live and work in Metro Detroit.  As we approach the elections, and the “leaders” of all parties continue to promise a few chickens in every pot, regardless of the rationality of the promises, real, live companies like Ford, GM and […]

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