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Dollar Thrifty Automotive Group amends credit agreements for sixty days

Dollar Thrifty Automotive Group amends credit agreements for sixty days
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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Rental Car Insurance Market Next Big Thing | Major Giants Volkswagen Leasing, Hertz, Nissan

Rental Car Insurance Market Next Big Thing | Major Giants Volkswagen Leasing, Hertz, Nissan

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automotive stocks

automotive stocks
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Hertz nears June exit from Chapter 11 bankruptcy as business improves

Hertz has improved upon its financial results from last year by cutting costs, so that they re better aligned with demand. Over the past few months, Hertz s business has also improved markedly, as more Americans get vaccinated, making them more comfortable with travel, at least within the United States. This quarter we realized the first effects of the leisure travel rebound and capitalized on strong demand-driven pricing in destination markets that exceeded 2019 levels, said Paul Stone, Hertz Global s president and CEO, in a statement. We re continuing to see improved demand and are optimistic about a sustained recovery. With that optimism, Hertz is working aggressively to replenish its fleet, despite the constraints of the global semiconductor shortage and its impact on the automotive supply chain, Stone said.

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Biden Admin Hesitant To Invoke Defense Production Act To Divert Semis To Automakers, White House Source Says

Biden Admin Hesitant To Invoke Defense Production Act To Divert Semis To Automakers, White House Source Says by Tyler Durden Thursday, May 06, 2021 - 02:49 PM The Biden administration doesn t seem to be sold on using the Defense Production Act to spur production of semiconductors domestically, according to a senior administration official that spoke to Reuters this week. The short-term outlook is challenging, they commented, when asked about invoking the law. Moving semis to automakers would result in fewer chips for others, they said. This would transfer the negative impact of the shortage to consumer electronics, from automakers. The idea of using the 1950 law to force companies to produce semiconductors for national security reasons was brought to the attention of the White House by automakers who have seen their production interrupted by the supply chain seizure.

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