Word: avise
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During the past year or two, federal trustbusters have gone after some of the biggest names in U.S. business. Antimonopoly suits are now in various stages of litigation against several giants, including AT&T, IBM, Firestone, Xerox and the big three in the rental-car field: Hertz, Avis and National...
The star prosecution witness was Larry E. Williams, who said he had been hired by Gurney in 1971 to raise a "booster fund." Gurney denied that. They were indeed a somewhat contrasting pair. Gurney, Maine-born, Colby-and Harvard-educated, a successful lawyer, matinee-idol handsome, ramrod stiff (largely the...
Travelers renting cars at most U.S. airports can choose to drive away the Fords of Hertz, the Plymouths of Avis or the Chevies of National Car Rental. Last week the Federal Trade Commission charged that the Big Three of the auto-rental business had combined to make sure that consumers...
The FTC alleged that Hertz, Avis and National conspired to submit identical bids for concession rights at airports, and persuaded airport managers to set requirements for concessions that disqualified competitors. One rule they are alleged to have promoted requires that "concessionaires have a nationwide reservations network." The FTC also accused...
Booted Out? The commission further charged the rental companies with "entering into anticompetitive arrangements" with automakers-Hertz with Ford, Avis with Chrysler and National with General Motors. According to the complaints, the arrangements provide the rental companies with advertising subsidies from the automakers that average $5 million a year to...