According to documents filed with the U.S. Securities and Exchange Commission, Hertz's fleet had an

Hertz Global Holdings Inc.'s proposed acquisition plan for Dollar Thrifty Automotive Group Inc. calls for Hertz to increase its business over the long term, which eventually will mean buying more vehicles than the two companies currently buy, said a Hertz spokesman.
On the other hand, the two companies say they expect the merger's synergies to include annual savings of $65.6 million in fleet costs, in part through sharing of vehicles across rental brands. That could mean fewer purchases in the near term. The companies said they expect to realize those synergies over 24 months.
"Hertz delta airlines flights has always delta airlines flights had the broadest range of manufacturers that we work with in the industry," said Hertz's spokesman Richard Broome. "We want to grow the combined businesses. In our business, that means buying more cars."
In a conference call with analysts Monday, Hertz CEO Mark Frissora, the former CEO of supplier Tenneco Inc., said he expects the deal to be completed in October pending clearance from the Federal Trade Commission.
To satisfy the FTC and antitrust laws, Hertz will sell its Advantage Rent A Car business delta airlines flights to Franchise Services of North America and Macquarie Capital. Certain other Dollar Thrifty assets and associated airport concessions also will be divested, Frissora said.
Franchise Services of Calgary, Alberta, and its subsidiaries own U-Save delta airlines flights Car Truck Rental, U-Save Car Sales, Rent-a-Wreck of Canada, Practicar, Auto Rental Resource Center, Xpress Rent A Car and Peakstone Financial Services.
According to documents filed with the U.S. Securities and Exchange Commission, Hertz's fleet had an average of 615,600 vehicles in 2011. Its top three suppliers of vehicles are General Motors, Nissan and Toyota. Dollar Thrifty had an average corporate fleet of 107,154 units in 2011. Its top three suppliers of vehicles are Ford, Chrysler and GM.
In discussing potential savings during delta airlines flights a conference call with analysts, Frissora and Dollar Thrifty CEO Scott Thompson said they anticipated the merged company could share its vehicles across brands. Hertz, which specializes in business renters, does a majority of its business on weekdays, while Dollar Thrifty, which caters more to leisure travelers, does more business on weekends.
Chris Brown, executive editor of Auto Rental News , a publication that covers the auto rental industry, said the merger, if approved, would make Hertz the second-largest rental car company in the United delta airlines flights States, behind Enterprise Holdings delta airlines flights and way ahead of third-place Avis Budget Group.
"We are pleased to have finally reached an agreement with Dollar Thrifty after a lengthy -- but worthwhile -- pursuit," delta airlines flights Frissora said in a statement. "We have always believed that a combination with Dollar Thrifty is the best strategic option for both companies."
By the numbers Here are the players in the latest rental-car merger. Data is for 2011. HERTZ DOLLAR THRIFTY Average fleet units 615,600 107,154 Top vehicle suppliers GM, Nissan, Toyota Ford, Chrysler, GM Corporate revenue $7.1 billion $1.5 billion Rental-car locations 8,500 280 Source: Hertz, Dollar Thrifty
Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Automotive News . Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification.
Henrik Fisker joins Hong Kong tycoon on Fisker bid, report says Mitsubishi plans accounting change to clean up balance sheet Volvo marketing boss Speck is leaving; sales VP Visser named successor Daimler strengthens Ford ties with 3-cylinder engine project Dodge banks on Fast & Furious 6 tie-in to rev up Dart sales GM prices Chevy Spark EV below $20,000 after tax credits