Dollar Rent A Car Reveals 2012 Stand Alone Plan

Hi all,

Yesterday I reported on Scott Thompson’s interview regarding Hertz’s imminent attempt at a hostile takeover of Dollar Rent A Car. One of the interesting parts of the interview was Dollar’s statement regarding plans for their future.

Scott Thompson was keen to point out that Dollar don’t have to sell and will only do so if the price is right for share holders. He also mentioned that Dollar will continue to pursue its stand alone plan for 2012 which includes a $20 million capital investment budget. Last year, the company invested $17 million in its capital projects.

Investments proposed by the company this year include new rental car locations, a new facility near Los Angeles International Airport, a new used car retail operation in Florida and long-term investments in IT.

Thompson added

“We’re looking at new (rental car) stores after a number of years of contraction. Clearly, we have a standalone plan, we have some good things going on. We are running fast, and we will see if they can catch us.”

Some nice positive plans from Dollar Rent A Car and we look forward to keeping you up to date as their 2012 plan takes shape.

regards,

James

 car hire USA


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