Facebook
Fark
Digg
Reddit
StumbleFord close to sale of rental car unit, executives say
Friday, Sept. 9, 2005 | 9:42 a.m.
DETROIT -- Ford Motor Co. is close to selling its Hertz Corp. rental-car division, a move that would help the struggling automaker raise cash, two executives familiar with the negotiations said Thursday.
Ford is expected to sell Hertz to one of two competing groups of corporate buyout firms, but hasn't yet selected which one, according to the executives, who requested anonymity because the deal isn't yet complete. Hertz could sell for as much as $15 billion.
A Ford spokeswoman wouldn't comment on the deal Thursday morning.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- Photos: Olivia Culpo, 20, of Rhode Island is crowned 2012 Miss USA at Planet Hollywood
- Photos: Derek Hough celebrates 27th birthday at Tabu Ultra Lounge
- Nearly 40,000 have voted early in Clark County
- Firefighters respond to reports of explosion; find vacant building in flames
- Alongside Obama, George W. Bush steals the WH show
Everything Under the Sun
Blogs
The Kats Report
Las Vegas Philharmonic says search for new music director to begin 'immediately' (1 Comment)
With Shenandoah project stalled, Wayne Newton hits back legally (7 Comments)
Where does a Playmate play when she turns 21? Vegas! (3 Comments)
Ice Ice Billy
The road to six-toed cats and Mayor Bubba
The Kats Report
David Itkin tells L.V. Philharmonic officials he's on his way out (14 Comments)
Diamond Dave sells it well as Van Halen pours out the power at MGM Grand (2 Comments)
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence (3 Comments)
- Locally owned and independent since 1950; Winner of the Pulitzer Prize for Public Service, best news website in the nation & DuPont Award for broadcast journalism
Facebook Connect