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Dollar Car Rental Dollar Rent A Car was founded in 1965 by Henry Caruso in Los Angeles, California. In 1990 it was acquired by Chrysler. It was originally called Dollar Rent A Car because it had a standardized daily rate of one dollar for sedans.
By 1968, rates were raised to keep competitive prices while maintaining monopolistic competition with other rental car companies. Dollar has more than 647 worldwide locations in 53 countries, with a significant presence in Europe, the Caribbean and Latin America, including more than 358 in the United States and Canada. Dollar-Thrifty Automotive Group NYSE: DTG is a holding company for Thrifty Car Rental and Dollar Rent A Car, formed in 1990 by Chrysler and spun off in 1997. The company at one time also owned Snappy Rent A Car (which was sold in 1994), Eurodollar and General Rent A Car (which was closed in 1993). It is based in Tulsa, Oklahoma. The company primarily rents Chrysler, Dodge, and Jeep vehicles within the United States, though some locations feature other popular brands, such as Mazda, Nissan, or Toyota. DTAG is a Fortune 1000 company and have over 1,475 locations worldwide including more than 835 locations in the United States.[1] In 2006, the company outsourced its IT operations to EDS. Related Links |
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