Enterprise Holdings Fact Sheet

Total Page:16

File Type:pdf, Size:1020Kb

Enterprise Holdings Fact Sheet WORLD HEADQUARTERS Enterprise Holdings Inc. 600 Corporate Park Drive St. Louis, Missouri 63105 (314) 512-5000 enterpriseholdings.com Enterprise Holdings Inc. and its affiliate Enterprise Alamo Rent A Car Fleet Management together offer a total transportation alamo.com solution. Combined, these businesses – which include extensive car rental and carsharing services, truck Enterprise Rent-A-Car rental, corporate fleet management and retail car enterprise.com sales – accounted for $24.1 billion in revenue and operated 2 million vehicles in fiscal year 2018. National Car Rental nationalcar.com Enterprise Holdings – through its integrated global network of independent regional subsidiaries and franchises – operates the Enterprise Rent-A-Car, BUSINESS LINES National Car Rental and Alamo Rent A Car brands Enterprise Car Sales at more than 10,000 fully staffed neighborhood and enterprisecarsales.com airport locations in more than 90 countries throughout the world. Enterprise Truck Rental Its affiliate, Enterprise Fleet Management, provides enterprisetrucks.com full-service fleet management to companies, Enterprise CarShare government agencies and organizations operating enterprisecarshare.com medium-sized fleets of 20 or more vehicles, as well as those seeking an alternative to employee Commute with Enterprise reimbursement programs. commutewithenterprise.com Enterprise Holdings is the largest car rental provider Zimride by Enterprise in the world as measured by revenue and fleet. zimride.com Enterprise Holdings’ annual revenues also place it near the top of the global travel industry, exceeding Exotic Car Collection by Enterprise all other rental car companies, many airlines, and exoticcars.enterprise.com most cruise lines, hotels, tour operators and online travel agencies. Enterprise Flex-E-Rent flexerent.co.uk For information on Enterprise Holdings’ long-term commitment to corporate responsibility, visit Enterprise Car Club enterpriseholdings.com/csr. enterprisecarclub.co.uk AFFILIATE Enterprise Fleet Management efleets.com ©2019 Enterprise Holdings Inc. as of 3/1/19 EXECUTIVES AWARDS Andrew C. Taylor Mike Andrew • No. 1 Entry Level Employer from EXECUTIVE CHAIRMAN SENIOR VICE PRESIDENT AND GENERAL COUNSEL CollegeGrad.com, 2019 Pamela Nicholson CHIEF EXECUTIVE Steve Brackney • National Car Rental, Enterprise Rent-A-Car and OFFICER SENIOR VICE PRESIDENT AND CHIEF Alamo Rent A Car named to The World’s Best Car ADMINISTRATIVE OFFICER Rental Companies in Travel + Leisure magazine’s Christine Taylor PRESIDENT AND Craig Kennedy World’s Best Awards, 2018 CHIEF OPERATING OFFICER SENIOR VICE PRESIDENT AND • LGBTQ Business Equality Excellence Award from CHIEF PRODUCT DEVELOPMENT OFFICER Jo Ann Taylor Kindle The Business Equality Network, 2018 CHAIRPERSON, ENTERPRISE Kurt Kohler HOLDINGS FOUNDATION SENIOR VICE PRESIDENT, FLEET • Gold LearningElite organization from Chief Learning ACQUISITION AND REMARKETING, NORTH Officer magazine, 2018 Carolyn Kindle Betz AMERICA PRESIDENT, ENTERPRISE • Training Top 125 from Training magazine, 2018 HOLDINGS FOUNDATION Rose Langhorst SENIOR VICE PRESIDENT AND • North American Candidate Experience Awards from Greg Stubblefield TREASURER Talent Board, 2018 EXECUTIVE VICE PRESIDENT AND CHIEF STRATEGY OFFICER Michael Nolfo • Car Rental Partner of the Year from the American SENIOR VICE PRESIDENT AND Society of Travel Agents (ASTA), 2018 Brice Adamson CHIEF INFORMATION OFFICER EXECUTIVE VICE • Zurich’s Supplier Accreditation Scheme, Gold PRESIDENT, ENTERPRISE William Withington FLEET MANAGEMENT SENIOR VICE PRESIDENT, Accreditation, 2018 NORTH AMERICAN OPERATIONS Randal Narike • President and CEO Pamela Nicholson named to EXECUTIVE VICE PRESIDENT, Shelley Roither Fortune magazine’s list of “America’s 50 Most OPERATIONS VICE PRESIDENT, Powerful Women in Business” for past 12 years HUMAN RESOURCES David Nestor Enterprise Holdings Inc. and its three brands have EXECUTIVE VICE PRESIDENT, Frank Thurman OPERATIONS continually been recognized for customer service, VICE PRESIDENT, MARKETING corporate responsibility efforts, employment Rick Short practices and policies, and overall leadership in the EXECUTIVE VICE PRESIDENT AND car rental industry. A comprehensive awards list is CHIEF FINANCIAL OFFICER available at enterpriseholdings.com/en/awards. GLOBAL REVENUE FY 2018 $24.1 billion FY 2017 $22.3 billion FY 2016 $20.9 billion FY 2015 $19.4 billion FY 2014 $17.8 billion Revenue includes Enterprise Fleet Management, which was spun off from Enterprise Holdings Aug. 1, 2011. ©2019 Enterprise Holdings Inc. as of 3/1/19 FAST FACTS Alamo Rent A Car • Attracts value-oriented international and U.S. leisure • 100,000 employees*† travelers looking for an easy and hassle-free rental experience • 17,342 promotions, transfers and relocations in 2018*† • Largest car rental provider to international travelers • 2 million vehicles* visiting North America • More than 450 vehicle makes and models* • Operates 292 self-service kiosks at 82 U.S. locations • More than 10,000 fully staffed neighborhood and airport • Official Rental Car of Walt Disney World® locations worldwide, including more than 6,400 in the Resort and Disneyland® Resort U.S. alone • The Alamo Insiders loyalty program provides • Operates in more than 90 countries and territories, members a discount of 5 percent including North America, Central America, South America, the Caribbean and Europe, as well as parts of Asia-Pacific and the Middle East • Ranked by Forbes as one of America’s Largest Private Enterprise Rent-A-Car Companies • Internationally recognized brand, known for *includes affiliate Enterprise Fleet Management affordable rates, neighborhood convenience and † employed by Enterprise Holdings and its network of outstanding customer service, including picking independent regional subsidiaries up local customers at no extra cost National Car Rental • More than 7,800 locations, including more than 5,800 fully staffed neighborhood and airport • Premium, internationally recognized brand serving branch offices located within 15 miles of 90 the daily rental needs of frequent airport travelers percent of the U.S. population seeking choice, convenience and time savings for personal and business trips • Offers consumers a total transportation solution through its network of services including Enterprise • Helped pioneer corporate-account business with Fleet Management, Enterprise Car Sales, Emerald Club, allowing for an expedited rental Enterprise Truck Rental, Enterprise CarShare, process and counter bypass Enterprise Rideshare, Zimride by Enterprise, Exotic • Official Partner and Official Rental Car of the Car Collection by Enterprise, Enterprise Car Club Professional Golfers' Association (PGA) of America (U.K.) and Enterprise Flex-E-Rent (U.K.) • Official Car Rental Partner of 10 Major League • Official Partner of the National Hockey League Baseball (MLB) teams – Baltimore Orioles, Boston (NHL) and National Hockey League Players' Red Sox, Chicago White Sox, Houston Astros, Association (NHLPA) Kansas City Royals, Los Angeles Angels, New York Mets, St. Louis Cardinals, Texas Rangers and Washington Nationals ©2019 Enterprise Holdings Inc. as of 3/1/19 COMPANY MILESTONES 1995 Enterprise Rent-A-Car opens its first airport rental location at the Denver International Airport. Alamo Rent A Car offers customers 1957 Jack Taylor founds Executive Leasing in real time internet abilities. St. Louis on Feb. 1, 1957, with a fleet of seven cars. 1999 Enterprise Rent-A-Car opens its first Rent-A- Truck location. 1962 Executive Leasing begins rental operations in response to customer demand for rental cars 2006 Exotic Car Collection by Enterprise begins while their own cars are being repaired. operations. Enterprise announces 50 Million Executive also starts a Car Sales Division. Tree Pledge, in partnership with the Arbor Day Foundation and the U.S. Forest Service, 1969 Executive Leasing is renamed Enterprise commits to planting 50 million trees over Leasing in honor of the World War II 50 years, at a cost of $50 million. aircraft carrier Jack Taylor served on – the USS Enterprise. 2007 Enterprise celebrates its 50th anniversary. Taylor family acquires Alamo Rent A Car and 1974 Alamo Rent A Car is founded with four National Car Rental brands. locations in Florida; pioneers the concept of unlimited mileage. Enterprise 2009 Enterprise Holdings Inc. is created as a holding pilots the practice of providing company for its growing portfolio of car rental customers with a free ride to the rental and transportation services, including the office. This service leads to Enterprise’s Alamo, National and Enterprise brands. well-known “We’ll Pick You Up” 2011 Enterprise Rent-A-Car launches “The tradition. Enterprise Way,” its first television advertising 1980 Enterprise opens its toll-free reservation campaign featuring employees. The campaign center, allowing customers to call and includes Enterprise team members at branch reserve rental vehicles nationwide. offices, highlighting in their own words the brand’s renowned customer service, culture National Car Rental introduces Emerald and heritage. 1987 Club, which provides members with an expedited rental process and counter 2012 Enterprise Holdings further expands its bypass. European presence with its acquisition of Citer and Atesa car rental brands and enters the car 1989 Enterprise Leasing changes its name to rental market in China through a strategic Enterprise Rent-A-Car to reflect the investment in eHi Auto Services. enormous growth of its
Recommended publications
  • DRIVING CHANGE in the RENTAL VEHICLE INDUSTRY the Need for National Tax and Regulatory Reform
    DRIVING CHANGE IN THE RENTAL VEHICLE INDUSTRY The need for national tax and regulatory reform Tourism & Transport Forum $RIVINGCHANGEINTHERENTALVEHICLEINDUSTRY 2 For further information please contact: Caroline Wilkie National Manager Aviation & Transport Tourism & Transport Forum T +61 2 9240 2016 Tourism & Transport Forum (TTF) E [email protected] represents the following rental vehicle companies Kary Petersen Manager Transport Tourism & Transport Forum T +61 2 9240 2013 E [email protected] 8th Floor 8-10 Loftus Street Sydney Nsw 2000 T +61 2 9240 2000 F +61 2 9240 2020 www.ttf.org.au CONTENTS INTRODUCTION 2 Tourism & Transport Forum 2 EXECUTIVE SUMMARY 3 THE RENTAL VEHICLE INDUSTRY 4 Size and scope of the industry 4 Key benefits 4 The challenges ahead 7 THE REGULATORY AND TAX BURDEN 9 Cost of compliance 9 Regulation 10 Taxes and charges 13 COST OF INACTION 22 Lost opportunities 22 REFORM AGENDA 24 Options for reform 24 Benefits of reform 25 Barriers to reform 26 Case studies 27 CONCLUDING REMARKS 29 INTRODUCTION TOURISM & TRANSPORT FORUM Marketing & Attractions Tourism & Transport Forum (TTF) is the peak industry s #REDIT#ARDS group for the Australian tourism, transport, aviation and s #ULTURAL!TTRACTIONS investment sectors. A national, member-funded CEO s .ATURAL4OURISM forum, TTF advocates the public policy interests of the s4HEME0ARKS 200 most prestigious corporations and organisations in s4OURISM-ARKETING/RGANISATIONS these sectors. Major Events, Business Tourism, Retail & Hospitality s !GENCIES TTF’s membership comprises the
    [Show full text]
  • Issue 36C Remarketing Memorandum
    SAN FRANCISCO INTERNATIONAL AIRPORT SECOND SERIES VARIABLE RATE REVENUE REFUNDING BONDS ISSUE 36C Remarketing Memorandum Airport Commission of the City and County of San Francisco San Francisco International Airport Second Series Variable Rate Revenue Refunding Bonds Issue 36C REMARKETING—NOT A NEW ISSUE—BOOK-ENTRY ONLY RATINGS: Moody’s: Aa1/VMIG1 S&P: AAA/A-1 Fitch: AA/F1 (See “RATINGS” herein) On June 3, 2009, Orrick, Herrington & Sutcliffe LLP and Quateman LLP, Prior Co-Bond Counsel to the Commission, rendered their respective opinions to the effect that, based upon an analysis of then-existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Issue 36C Bonds was excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”), except that no opinion was expressed as to the status of interest on any Issue 36C Bond for any period that such Issue 36C Bond was held by a “substantial user” of the facilities financed or refinanced by the Issue 36C Bonds or by a “related person” within the meaning of Section 147(a) of the Code. Prior Co-Bond Counsel further opined that interest on the Issue 36C Bonds was not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes nor was it included in adjusted current earnings when calculating corporate alternative minimum taxable income. Prior Co-Bond Counsel also opined that interest on the Issue 36C Bonds was exempt from State of California personal income taxes.
    [Show full text]
  • Ohio Taxpayers and Consumers Press Release
    For more information, contact: Laura Bryant, Enterprise Holdings [email protected] FOR IMMEDIATE RELEASE New Peer-to-Peer Car Rental Modernization Law Protecting Ohio Taxpayers and Consumers ST. LOUIS (July 23, 2019) – Enterprise Holdings – which owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands – is pleased to support Ohio’s new car rental modernization law that was recently enacted on behalf of all taxpayers and consumers. House Majority Leader Bill Seitz and Senate Finance Committee Chair Matt Dolan spearheaded the transparent legislative process with a key stakeholder group comprised of the Ohio Department of Taxation, the Ohio Insurance Institute (OII), all major airports, and the U.S. car rental industry, including peer-to-peer companies. Consistent Standards & Regulations HB 166, which was signed into law by Ohio Governor Mike DeWine last week, not only defines consumer requirements (addressing insurance, pricing disclosures and safety recalls), but also confirms that peer- to-peer providers are categorized as “vendors” for tax purposes. This unambiguously takes the onus of collecting or remitting taxes off individuals renting their vehicles on peer-to-peer platforms – dispelling a myth often perpetuated by peer-to-peer companies about the double-taxation of vehicle owners. “My objective in working through this issue was two-fold,” said Rep. Seitz. “To establish clear standards for insurance coverage in these three-party transactions, and to ensure all peer-to-peer platforms that receive the end customer’s money are paying applicable state taxes as the facilitating vendor.” The new law also provides a step toward compliance with 1989 National Association of Attorneys General (NAAG) regulations requiring fair, honest and uniform consumer pricing and advertising standards in the car rental industry.
    [Show full text]
  • Ready to Make a Reservation? You Have a Few Options to Suit Your Needs: Option 1 Option 2 Option 3
    ENTERPRISE BENEFITS NATIONAL BENEFITS Enterprise Rent-A-Car provides a vast network of more National is the premier brand when than 5,500 neighborhood locations in North America to renting at the airport. service your off-airport needs. With Emerald Club, the loyalty program of National Car Rental, members enjoy expedited service, greater ease Free customer pickup and drop-off within local branch and exclusive rewards when renting at both National and area with a 24-hour advance notice. Enterprise worldwide. To ensure Emerald Club level of service, enter your Emerald Club number when renting Recognition — Emerald Club members are recognized with National and Enterprise. at most U.S. Enterprise locations, and earn points toward free rental days. Enjoy your Emerald Club Benefits: • Bypass the counter at participating National locations LOCAL BRANCH DETAILS • Choose your own car when a midsized is reserved at participating National locations in the US and Canada • Use E-receipts for faster returns • Earn rental credits at participating Enterprise Hours and National locations redeemable for free Monday–Friday Saturday NOT A MEMBER? Sunday ENROLL NOW READY TO MAKE A RESERVATION? YOU HAVE A FEW OPTIONS TO SUIT YOUR NEEDS: OPTION 1 OPTION 2 OPTION 3 Reservations. Click here to book your reservation with Enterprise or National. Visit enterprise.com or Call 1-800-Rent-A-Car and national.com and enter provide your account number Apply your loyalty number to your reservation in the Driver’s Information section. WELCOME TO YOUR NEW PROGRAM WITH ENTERPRISE & NATIONAL CAR RENTAL! Should you have any questions regarding our services, please contact: National, the “flag”, Emerald Aisle and Emerald Club are trademarks of Vanguard Car Rental USA LLC.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Ridesharing with Zimride at the University of Utah
    LOST IN THE CROWD? RIDESHARING WITH ZIMRIDE AT THE UNIVERSITY OF UTAH An assessment prepared by Sean Bridegam, Jen Colby, Sach Combs, Majid Heidarifar, and Evan Kipnis for SUST 6000—Global Changes and Society May 2017 1.0 EXECUTIVE SUMMARY The purpose of the Global Changes and Society course was to “develop an interdisciplinary perspective to explore the complex systems of environmental change and the links to society through a project- based approach” (University of Utah General Catalog). The focus for this year’s course was to air quality and global air quality issues. As transportation makes up more than half of pollutant source during winter time inversions in the Salt Lake Valley this project focused on non-single occupancy vehicle (SOV) options available to commuters. This assessment evaluated carpooling and specifically Zimride, a ride matching platform. The authors set out with the objective to complete a comprehensive assessment of the Zimride program at the University of Utah at the midpoint of a 3-year contract period. This evolved into a set of observations, evidence, and recommendations regarding alternative transportation more broadly. Our team essentially served as a consulting group for the primary campus program coordinator for Zimride, who provided us with a set of research questions and hypotheses to investigate. Based on the research findings detailed in this report, we can provide a set of recommendations to help increase the effectiveness of the program in the remaining contract period. Support and success of alternative transportation programs have been variable and may lag behind those of many peer institutions based on a review of STARS data.
    [Show full text]
  • Rose Langhorst Senior Vice President and Treasurer Enterprise Holdings Inc
    Rose Langhorst Senior Vice President and Treasurer Enterprise Holdings Inc. Rose Langhorst, Senior Vice President and Treasurer for Enterprise Holdings Inc., is a corporate officer and manages the global debt portfolio, as well as the company’s relationships with rating agencies, banks, investment bankers and investors. Enterprise Holdings operates – through an integrated global network of independent regional subsidiaries and franchises – the Enterprise Rent-A-Car, Alamo Rent A Car and National Car Rental brands, as well as more than 10,000 fully staffed neighborhood and airport locations in 100 countries and territories. Enterprise Holdings is the largest car rental company in the world, as measured by revenue and fleet. In addition, Enterprise Holdings is the most comprehensive service provider and only investment-grade company in the U.S. car rental industry. The company and its affiliate Enterprise Fleet Management together offer a total transportation solution, operating more than 2 million vehicles throughout the world. Combined, these businesses – accounting for $25.9 billion in revenue in fiscal year 2019 – include the Car Sales, Truck Rental, CarShare, Commute vanpooling, Zimride, Exotic Car Collection, Car Club (U.K.) and Flex-E-Rent (U.K.) services, all marketed under the Enterprise brand name. The annual revenues of Enterprise Holdings – one of America’s largest private companies – and Enterprise Fleet Management rank near the top of the global travel industry, exceeding many airlines and most cruise lines, hotels, tour operators, and online travel agencies. Langhorst began her career with Enterprise in 1988 as a Corporate Accountant at the company’s headquarters in St. Louis. In 1990, she was promoted to Business Management Analyst and in 1992 moved to Treasury, where she was responsible for day-to-day cash management and debt covenant compliance.
    [Show full text]
  • Enterprise Rent-A-Car and Europcar Expand Strategic Alliance to Create the World’S Largest Car Rental Network
    For more information, contact: Ned Maniscalco, Enterprise Rent-A-Car 314-512-5523, [email protected] FOR IMMEDIATE RELEASE Enterprise Rent-A-Car and Europcar Expand Strategic Alliance To Create the World’s Largest Car Rental Network Partnership Expands Transatlantic Alliance Established in 2006 Between Europcar and National Car Rental and Alamo Rent A Car September 4, 2008 (St. Louis, Missouri) – Enterprise Rent-A-Car, North America’s largest car rental company, and Europcar, the number one car rental company in Europe, today announced they have enhanced their strategic alliance to include the Enterprise brand in North America, as well as the National Car Rental and Alamo Rent A Car brands that previously constituted the transatlantic partnership. Enterprise and Europcar have been working to formally expand the alliance ever since Enterprise’s purchase of the National and Alamo brands in North America in August 2007. With the addition to the new partnership of the Enterprise brand in North America, the alliance now offers a combined fleet of more than 1.2 million rental vehicles in more than 13,000 locations in 162 countries. The newly expanded partnership constitutes the largest car rental network in the world. The expanded alliance provides rental car coverage for customers traveling between each partner company’s areas of operations. Under the terms of the agreement, the partners will also take a coordinated approach to global corporate accounts, offering today’s companies and organizations the most extensive service provider network in the rental car industry anywhere in the world, complete with coordinated loyalty programs. The alliance is designed to leverage and develop traffic between North America and Europe: each year an estimated 12 million people travel across the Atlantic in either direction.
    [Show full text]
  • People of the State of California V. Turo Inc. File Stamped Complaint
    1 DENNIS J. HERRERA, StateBar#l39669 City Attorney , 2 YVONNE R. MERE, State Bar# 173594 Chief of Complex and Affirmative Litigation 3 NATALIE M. ORR, State Bar #290590 JAIME M. HULING DELAYE, State Bar #270784 4 Deputy City Attorneys Fox Plaza 5 1390 Market Street, 6th Floor San Francisco, California 94102-5408 6 Telephone: (415) 554-3849 Facsimile: (415) 437-4644 7 E-Mail: [email protected] 8 Attorneys for Plaintiff PEOPLE OF THE STATE OF CALIFORNIA, 9 acting by and through DENNIS J. HERRERA AS CITY ATTORNEY OF SAN FRANCISCO 10 11 SUPERIOR COURT OF THE STATE OF CALIFORNIA 12 COUNTY OF SAN FRANCISCO 13 UNLIMITED JURISDICTION 14 PEOPLE OF THE STATE OF CALIFORNIA, case ~GC-18-5638 0 3 acting by and through DENNIS J. HERRERA 15 AS CITY ATTORNEY OF SAN FRANCISCO, COMPLAINT FOR INJUNCTIVE RELIEF 16 AND CIVIL PENALTIES FOR VIOLATIONS Plaintiff, OF BUSINESS AND PROFESSIONS CODE 17 SECTION 17200 vs. 18 TURO INC., and DOES 1-100, inclusive, 19 Defendants. 20 21 22 The PEOPLE OF THE STATE OF CALIFORNIA, by and through San Francisco City 23 Attorney DENNIS J. HERRERA ("the People"), file this Complaint against Defendants TURO INC. 24 and DOES ONE through ONE HUNDRED (collectively, "Turo"). The People allege as follows: 25 INTRODUCTION 26 1. This action arises out of Turo' s unlawful and unfair operation of a rental car business at 27 San Francisco International Airport ("SFO" or "the Airport") without a valid permit, in direct violation 28 of SFO's Rules and Regulations, the California Vehicle Code, and the California Penal Code.
    [Show full text]
  • “How to Analyse a Car Rental Company”
    Investor Campus – The “How to analyse Series” 1 Module # 3 – Component # 2 “How to analyse a car rental company” This component focuses on the basics of the car rental industry. We look at the fundamentals of the industry, the economics, the risks and the financial equation that investors can expect to find in a typical car rental business. This is one component in the Investor Campus series of “How to analyse …” In this series, over 50 individual industries are covered. It also assumed that the reader has the base knowledge to analyse a generic company. Objectives To identify the profit drivers behind this industry, the business model, risks and critical success factors. Expected Outcomes: ? To understand the economic and financial fundamentals of the industry. ? To understand the key issues and profit drivers in this industry. ? To be able to review a typical company within this sector and compare it meaningfully to global norms. ? To be able to identify warning signals and opportunities in a typical company in this sector. ? To be equipped to conduct an interview with management of a company in this industry. ? To understand a recipe to analyse a company in this sector. Investor Campus – How to analyse a car rental business Investor Campus – The “How to analyse Series” 2 Car rental summary table Key ratios to · ROCE: an indication of the operational competence of the business. assess a car rental · ROE: combines operational performance with gearing level. business · Debt to equity ratio: Indication of financial leverage and risk. · Interest cover: An indication of financial risk. · Operating margin and ROS: Ability to generate accounting profit.
    [Show full text]
  • Car Rental Security Contacts
    Car Rental Security Contacts www.carrentalsecurity.com This list is divided into three sections. The first is the Corporate Headquarters (HQ) information for each agency. In some cases there may also be listed a “Car Control” function normally responsible for overdue vehicles, vehicle impounds/towing, etc. Some may list toll-free after-hours numbers and/or Customer Service / Roadside Assistance numbers. After-hours information may be limited depending upon the agency. Vehicle registration information is also listed where provided. Keep in mind that most agencies have “floating” or “controlled” fleets so vehicles with out of state plates may have been rented locally. The second part of the list is a summary state-by-state listing of those security contacts located in the field. The last listing is a detailed list of all security contacts (HQ and Field) by rental agency name and then in alphabetical order. See www.carrentalsecurity.com for the most current list. Please note the footnote disclaimer. Current as of 03/25/2008 HQ SECURITY CONTACTS ADVANTAGE ALAMO AVIS AVIS BUDGET GROUP BUDGET CCRG CENDANT DOLLAR DTG/DTAG ENTERPRISE HERTZ NATIONAL PV HOLDING RENTAL CAR FINANCE VANGUARD FIELD SECURITY CONTACTS – by State AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY ALL SECURITY CONTACTS – by Company ADVANTAGE ALAMO AVIS AVIS BUDGET GROUP BUDGET CCRG CENDANT DOLLAR DTG/DTAG ENTERPRISE HERTZ NATIONAL PV HOLDING RENTAL CAR FINANCE VANGUARD DISCLAIMER – This list is for the exclusive use of Car Rental Security, Law Enforcement, Bank Card Security and other Security related groups.
    [Show full text]
  • Issue Brief: Peer-To- Peer Car Sharing
    Peer-to- Peer Car Sharing What is Peer-to-Peer Car Sharing? Peer-to-peer (P2P) car sharing refers to sharing privately-owned vehicles, for money, over an internet platform operated by a third-party. It is often referred to as “Airbnb for cars,” highlighting its similarity to other business models in the “sharing economy.” The most prominent P2P car sharing company is Turo, which is available in every state but New York. How does P2P Car Sharing Compare to Traditional Car Rental? Traditional car rental companies say there is no difference between them and P2P car rental companies because they provide the same service — the temporary transfer of a vehicle, without a driver, for money. But car sharing companies say they are not like car rental companies because they do not own cars, set rates, or arrange for delivery. Instead, they say they are technology companies providing platforms to facilitate private transactions and charging fees for that access (see public hearing testimony, Connecticut Senate Bill (SB) 216 (2020)). What is the Issue for Lawmakers? The National Conference of State Legislatures (NCSL) cites promoting innovation, greater consumer choice, and car ownership expense reduction as some of the benefits to P2P car sharing. But this business model is a challenge for states because it often falls into a legal gray area. P2P car sharing companies may not be legally considered car rental companies, and Source: Turo existing state laws related to car rental safety, insurance, and taxation may not neatly apply to the business model. Therefore, states are increasingly considering how P2P car sharing operates within their existing regulatory schemes and deciding whether, and if so how, the business should be regulated.
    [Show full text]