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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 Car Rental.
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]
Margins matter. 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 ...
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 ...
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]
Dollar Thrifty Automotive Group (NYS: DTG) reported earnings on Nov. 1. Here are the numbers you need to know. The 10-second takeaway For the quarter ended Sep. 30 (Q3), Dollar Thrifty Automotive ...
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]
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 ...