Rental Car Companies Beg Congress For Bailout

[ 0 ] February 5, 2009 | Jason Coe

Top rental car agencies which include Enterprise, Avis, Budget, Hertz, Dollar, Thrifty and others are now asking Congress to help bailout their own industry, citing a blame on the economy and lack of leisure travel as a downfall in profits. The companies are requesting that Congress allow them to receive a portion of the TARP rescue fund money set aside for Detroit automakers. Apparently the House of Representatives already added a clause to the fund that allows the government to back loans for rental car companies and fleet buyers. What else could go wrong with this situation?

Sources: Wall Street Journal via Autoblog

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