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LAX Consolidated Rent-A-Car Facility
The LAX Consolidated Rent-A-Car Facility (or ConRAC) is an under-construction consolidated rental car facility for the Los Angeles International Airport (LAX). History The Los Angeles International Airport Consolidated Rent-A-Car (LAX ConRAC) facility is one of the major components of the airport's Landside Access Modernization Program, along with the LAX Automated People Mover (APM). The $1 billion facility will consolidate rental car operations currently spread across the Westchester neighborhood of Los Angeles. Before the construction of the ConRAC, these rental car companies operated 3,200 daily shuttle trips around the Central Terminal Area and on streets around LAX. The facility was built by a public–private partnership known as LAX ConRAC Partners, a consortium of 11 companies led by PCL Construction. Los Angeles World Airports (LAWA), the operator of LAX, awarded the consortium a $2 billion contract, with the construction and operations phases of the facility each c ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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Budget Rent A Car
Budget Rent a Car is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey. History With its original fleet of 10 cars, the company lived up to the 'Budget' name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer and together, they built the company internationally. In 1960, the headquarters moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets. The company was eventually acquired by Transamerica Corporation, and then sold in 1986 in a leveraged buyout by Gibbons, Green and van Amerongen Ltd., along with management (led by CEO Clifton E. Haley) and selected investors. The company made its first public stock offering in 1987. Team Rental Group purchased the public compan ...
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Sixt
Sixt SE is an international mobility service provider with about 2,000 locations in more than 100 countries. Sixt SE acts as a parent and holding company of the Sixt Group, which is internationally active in the business areas of vehicle rental, car sharing, ride-hailing, and subscription. The majority of the company is owned by the Sixt family, who manage the company. The remaining share is tradeable stock: SIX2 (XETRA). History Foundation In 1912, Martin Sixt founded the company with a fleet of three cars, creating the first car rental company in Bavaria. During the First World War, the fleet was confiscated and used by the German Army. After the war, business resumed, but the fleet was once again seized by the German Army at the outbreak of World War II. When the war concluded, the company rebounded, establishing a taxi fleet for members of the United States Army stationed in Germany. It then opened a taxi business in Munich with the first radio taxis. In 1951, the car ...
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Thrifty Car Rental
Thrifty Car Rental is an American car rental agency, headquartered in Estero, Florida, with offices in many countries around the world. Thrifty is owned by The Hertz Corporation, along with other agencies including Hertz Rent A Car and Dollar Rent A Car. Thrifty typically caters to budget-conscious leisure travelers. History Thrifty Car Rental was established in 1958. The company completed an initial public offering (IPO) of common stock in 1987. It would grow in size by purchasing Ohio-based Snappy Car Rental for in May 1989. By the end of 1989, the company was acquired by the Chrysler Corporation for (equivalent to $ million in ) and merged into the company's Pentastar Transportation Group. A few months later, Chrysler would also purchase Dollar Rent A Car. In September 1994, Chrysler would sell Snappy Car Rental to a group of investors. On December 23, 1997, Chrysler spun off its car rental operations into the Dollar Thrifty Automotive Group with an IPO, as part of a ...
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Dollar Rent A Car
Dollar Rent A Car (formerly known as Dollar A Day Rent A Car) is an American car rental agency, headquartered in Estero, Florida, with offices in many countries around the world. Dollar is owned by The Hertz Corporation, along with other agencies including Hertz Rent A Car, Firefly Car Rental and Thrifty Car Rental. Dollar typically caters to budget-conscious leisure travelers. Company history Dollar Rent A Car was founded in Los Angeles, California, in 1965 by Henry J. Caruso. It was purchased by The Chrysler Corporation for an undisclosed amount on August 15, 1990, and joined Chrysler's Pentastar Transportation Group in Tulsa, Oklahoma. This acquisition merged Dollar Rent A Car with Thrifty Car Rental – forming Dollar Thrifty Automotive Group in 1997. Dollar's focus remained on company-owned rental locations at major airports to service both tourists and leisure rental markets. Both Dollar Rent A Car and Thrifty Car Rental formed an agreement in 1997 with The SABRE Gro ...
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The Hertz Corporation
The Hertz Corporation is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental and Thrifty Car Rental. It is one of the three big rental car holding companies in the United States, holding a 36% market share, placing it ahead of both Enterprise Holdings and the Avis Budget Group. As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. Hertz was ranked 326th in the 2020 ''Fortune'' 500 list. The company filed for bankruptcy on May 22, 2020, citing a sharp decline in revenue and future bookings caused by the COVID-19 pandemic. As of December 31, 2021, the company had revenues of $7.3 billion, assets of $19.7 billion, and 23,000 employees. As of July 1, 2021, the company is no longer in Chapt ...
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Fox Rent A Car
Europcar Mobility Group is a French car rental company founded in 1949 in Paris. The head office of the holding company, Europcar Group S.A., is in the business park of Val Saint-Quentin at Voisins-le-Bretonneux (Saint Quentin en Yvelines), France. Today, Europcar operates in 140 countries covering Europe, North America, Western Asia, and Africa. Since July 2022, Europcar has been owned by Green Mobility Holding, S,A. a consortium led by the Volkswagen Group, Attestor and Pon Holdings. Keddy is the Europcar leisure rental sub-brand. History Early stages Europcar Mobility Group was founded in 1949 in Paris by Raoul-Louis Mattei under the name of "The Automobile Subscription". The "Europcars" brand was created in 1951. After 20 years of growth, the company was then owned from 1970 to 1988 by Renault, the Compagnie Internationale des Wagons-Lits and Accor. Volkswagen subsidiary From 1998, Europcar had progressively been acquired by the Volkswagen Group, until it event ...
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Europcar
Europcar Mobility Group is a French car rental company founded in 1949 in Paris. The head office of the holding company, Europcar Group S.A., is in the business park of Val Saint-Quentin at Voisins-le-Bretonneux ( Saint Quentin en Yvelines), France. Today, Europcar operates in 140 countries covering Europe, North America, Western Asia, and Africa. Since July 2022, Europcar has been owned by Green Mobility Holding, S,A. a consortium led by the Volkswagen Group, Attestor and Pon Holdings. Keddy is the Europcar leisure rental sub-brand. History Early stages Europcar Mobility Group was founded in 1949 in Paris by Raoul-Louis Mattei under the name of "The Automobile Subscription". The "Europcars" brand was created in 1951. After 20 years of growth, the company was then owned from 1970 to 1988 by Renault, the Compagnie Internationale des Wagons-Lits and Accor. Volkswagen subsidiary From 1998, Europcar had progressively been acquired by the Volkswagen Group, until it eventual ...
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National Car Rental
National Car Rental is a private American rental car agency based in Clayton, Missouri, United States. National is owned by Enterprise Holdings, along with other agencies including Enterprise Rent-A-Car, and Alamo Rent a Car. National typically caters to business travelers through its Emerald Club loyalty program that allows frequent customers to pick their own vehicles without stopping to fill out forms or deal with customer representatives. Overview National was founded by 24 independent rental car agents on August 27, 1947. It had grown from 60 locations in the United States in 1947 to over 2000 locations internationally . In 1987, Paine Webber, a historical American brokerage firm, gained majority ownership of National. In 1995, National was owned by an investment group containing William Lobeck of Tulsa, Alvin Swanner of New Orleans, and Archer McWhorter of Houston. Lobeck was a former president of Chrysler's car rental unit and a former owner of Thrifty Rent A Car, a co ...
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Alamo Rent A Car
Alamo Rent a Car is a rental car agency based in Clayton, Missouri, United States. The company has branches across North America, South America, Africa, Europe, Asia, Australia and Oceania. Alamo is owned by Enterprise Holdings, along with other agencies including Enterprise Rent-A-Car and National Car Rental. Alamo typically caters to budget-conscious Vacation (travel), leisure travelers and is the largest car rental provider to international travelers visiting North America. History Alamo was founded in Florida in 1974. In 1996, Alamo was acquired by Republic Industries (later renamed AutoNation). AutoNation spun off its car rental properties as ANC Rental in 2000. ANC filed for bankruptcy a year later; its properties were sold to Vanguard Automotive Group (controlled by Cerberus Capital Management) in 2003. In 2005, Alamo introduced an online check-in system that allowed customers to submit registration information prior to arrival to bypass counter check-in. In 2007, Alamo’ ...
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Enterprise Rent-A-Car
Enterprise Rent-A-Car is an American car rental agency headquartered in Clayton, Missouri, in Greater St. Louis. Enterprise is the flagship brand of Enterprise Holdings, which also owns other agencies including Alamo Rent a Car and National Car Rental. The company has historically concentrated on what it calls "home city" rentals, often people renting a car while their own was being repaired, but in recent years has expanded to airport-based rentals, especially after its parent company's acquisition of Alamo and National in 2007. In addition to car rental, Enterprise Holdings also markets other transportation services under the Enterprise name including commercial fleet management, used car sales, and commercial truck rental operations. Enterprise Rent-A-Car was established in St. Louis, Missouri in 1957 by Jack C. Taylor. Originally known as "Executive Leasing Company," in 1969, Taylor renamed the company "Enterprise" after the aircraft carrier , on which he served during Worl ...
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Enterprise Holdings
Enterprise Holdings is an American private holding company headquartered in Clayton, Missouri in Greater St. Louis. It is the parent company of car rental agencies Enterprise Rent-A-Car, National Car Rental, Alamo Rent a Car and also operates several other transportation services including commercial fleet management, used car sales (through its Enterprise Car Sales dealers), carsharing, and commercial truck rental operations. It is one of the three big rental car holding companies in the United States, holding a 33% market share, placing it behind the Hertz Corporation and ahead of Avis Budget Group. History Established in 1957 as Executive Leasing Company, the company was renamed Enterprise in 1969 in memory of the World War II ship on which the founder Jack C. Taylor served. Jack Taylor's founding philosophy, which has shaped the company's business policy, has been stated as "Take care of your customers and employees ''first'', and profits will follow." Enterprise Rent- ...
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