Car Rental News Page 8

Lyft prepares for initial public offering

Lyft prepares for initial public offering

Ride sharing company Lyft has confidentially submitted a draft registration statement ahead of a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Hertz appoints new general sales agent in India

Hertz appoints new general sales agent in India

Hertz Corporation has appointed InterGlobe Air Transport as its exclusive general sales agent in India. The company will manage the outbound sales of products and services of Hertz and its additional car rental brands Dollar, Thrifty, ACE and Firefly to domestic travel trade partners, corporate customers and leisure travellers.