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Tulsa, Oklahoma. , United States. Dollar Thrifty Automotive Group is the former holding company of Thrifty Car Rental and Dollar Rent A Car. Dollar Thrifty Automotive began to operate as an independent car rental subsidiary of the Chrysler Corporation on November 4, 1997 while continuing to support its two brands, Dollar Rent A Car and Thrifty ...
Operating under Dollar Thrifty Automotive Group, Dollar earned US$617.53 million in 1997, with company-owned stores generating 91 percent of revenue, compared to $499.17 million in 1996. [7] By this time, the car rental provider employed a staff of 5,400 as of September 1997. [8]
On December 23, 1997, Chrysler spun off its car rental operations into the Dollar Thrifty Automotive Group with an IPO, as part of an effort to reduce operating expenses at Chrysler. [7] [8] [9] By the end of the 1997 fiscal year, Dollar Thrifty Automotive maintained 872 locations in the United States and employed a staff of 5,400. [2] [10]
Hertz (NYS: HTZ) has completed its acquisition of Dollar Thrifty (NYS: DTG) , an $87.50-per-share deal valued at around $2.3 billion, the company announced today. Hertz and Dollar Thrifty had ...
The more Dollar Thrifty Automotive Group (NYS: DTG) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...
The long-awaited conclusion to the acquisition of Dollar Thrifty Automotive Group Inc. (NYSE: DTG) by Hertz Global Holdings Inc. (NYSE: HTZ) is going to take a little longer. Hertz announced this ...
In November 2012, Hertz Global Holdings Chairman and CEO Mark P. Frissora announced the company's purchase of Dollar Thrifty Automotive Group, a U.S.-based car rental brand with headquarters in Tulsa, Oklahoma, for US$2.3 billion. [31] [32] The business transaction included Hertz paying $87.50 per share of the Dollar Thrifty stock. [28]
Analysts predict that the $1.2 billion merger of Hertz Global Holdings and Dollar Thrifty Automotive Group , No. 3 and 4 respectively based on revenue, may ultimately lead to fewer rental ...