29:
2400:
254:
positions of Vice
President of Operations (1972 to 1974), Vice President of Properties (1974 to 1982), Senior Vice President of Operations and Properties (1986 to 1990), Executive Vice President (1997 to 2002), and Chief Airport Negotiator of Dollar (1974 to 1990). Paxton oversaw the automotive group's 7,000 employees—700 of which worked at the Tulsa headquarters—as well as the daily operation of both brands.
2412:
169:, which also included General Rent-A-Car and Snappy Car Rental. Chrysler purchased Thrifty Rent A Car System, Inc. in 1989, and Dollar Rent A Car Systems, Inc. in 1990, forming Dollar Thrifty Automotive Group. By 1997, Dollar Thrifty Automotive earned US$ 843.94 million in sales, employed a staff of 5,200, and maintained a combined rental fleet of approximately 100,000 vehicles.
322:, with 76% of the brand's revenue in 1997 from Florida, California, Hawaii, and Nevada locations. Dollar Rent A Car has more than 370 worldwide locations in 26 countries, including Australia, Canada, the Caribbean region, and Latin America, as well as approximately 230 locations in the United States.
180:
and was traded as DTG. Before the
Thrifty Car Rental and Dollar Rent A Car brands acted as their own subsidiaries under Dollar Thrifty Automotive in December 2002, Dollar Thrifty Automotive operated as one car rental group to reduce expenses. By 2003, the Dollar and Thrifty brands operated in over 70
341:
Thrifty Car Rental was incorporated in 1958 as an indirect subsidiary of
Thrifty Rent A Car System, Inc. In May 1989, the Thrifty brand purchased Ohio-based Snappy Car Rental Inc., which specialized in insurance replacement rentals, for $ 40 million. As the former fifth-largest car rental company in
278:
In 2009, Hertz Global
Holdings made an initial offer to purchase the Tulsa-based car rental company for $ 41 per share. By April 2010, negotiations had led Hertz to an offer of US$ 1.27 billion, which was increased to US$ 1.5 billion, but was rejected a third time by Dollar Thrifty shareholders. In
286:
The Dollar
Thrifty Automotive Group was separated into two subsidiaries, Thrifty Car Rental and Dollar Rent A Car, under the Hertz Corporation. Each operates with its own sales, marketing, rental fleets, and franchise locations from Hertz's headquarters in Estero, Florida under President and CEO
257:
In response to Paxton's retirement in
December, Dollar Thrifty Automotive Group's Board of Directors announced Scott L. Thompson as the company's President, CEO, and newest board member in October 2008. Paxton would provide consulting services to the car rental company through October 31, 2009.
253:
Gary L. Paxton was elected
President and CEO of Dollar Thrifty Automotive in October 2003 in response to Cappy's retirement. Paxton's career with Dollar Thrifty Automotive began after working for the first Dollar Rent A Car franchise in California in 1968; he later moved to senior management
269:
company. In addition, R. Scott
Anderson, who joined the brand in 1987, would act as Senior Executive Vice President and be held responsible for corporate and franchise store operations, global sales, and marketing efforts. Anderson was promoted to Chief Marketing Officer in 2008.
352:
As a subsidiary of the Hertz
Corporation, Thrifty Car Rental operates in 77 countries and territories with 472 locations in the United States and Canada, as well as 589 locations throughout the Americas, Africa, Europe, the Middle East, and the Caribbean and Asia-Pacific regions.
1257:"Chrysler to Purchase No. 4 Dollar Rent a Car : Rentals: The buyout of the privately held, Los Angeles-based car leasing firm continues a trend of auto makers buying into such companies to obtain captive markets for their vehicles"
764:
994:
209:
models as well. In
October 2009, it was announced the company would move away from use of Chrysler Group vehicles with hope to better diversify its rental fleet. It was announced the fleet would now include
279:
July 2011, Hertz's bid was increased to US$ 1.91 billion, competing against rival Avis Budget Group's offer of US$ 1.55 billion. Finally, on November 19, 2012, Hertz Global Holdings former Chairman and CEO
315:, California in 1965. It was purchased for an undisclosed amount on August 15, 1990 by The Chrysler Corporation, which merged Dollar Rent A Car and Thrifty Car Rental into Dollar Thrifty Automotive Group.
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916:
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230:, Chrysler, and other vehicles. This fleet expansion helped Dollar Thrifty shares on the New York Stock Exchange rise to a 52-week high of $ 27.50 before closing at $ 26.33 – up 0.57%.
246:. He came to Chrysler in 1987 after it purchased AMC and was put in charge of Chrysler's car rental subsidiaries in 1993 as part of a corporate reshuffling following the retirement of
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Thompson joined the company on May 23, 2008, as Senior Executive Vice President and Chief Financial Officer, stepping away from his role with
474:
2544:
176:
to offer its common stock in November 1997. On December 23, 1997, Dollar Thrifty Automotive completed its initial public offering on the
153:
Corporation on November 4, 1997 while continuing to support its two brands, Dollar Rent A Car and Thrifty Car Rental. It was acquired by
1598:
608:
582:
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2459:
2450:
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786:
165:
Established in 1990 by the Chrysler Corporation, Dollar Thrifty Automotive was part of Chrysler's Pentastar Transportation Group in
1312:
325:
With car rental services in place, Dollar Rent A Car provides ski racks, child safety seats, navigation, and operational support.
173:
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422:
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The Thrifty brand agreed to be acquired by the Chrysler Corporation for US$ 263 million in 1989. In turn, Chrysler Chairman
181:
countries around the world, including approximately 800 corporate and franchised locations in the United States and Canada.
1812:
1656:
396:
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964:
860:
250:. Cappy oversaw the relocation of the company from Detroit to Tulsa in 1994 and its spin off from Chrysler in 1997.
1980:
1178:
1126:
448:
2415:
342:
North America, Thrifty focuses on airport locations, local markets, franchising, and franchise-support services.
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1100:
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1649:
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1204:
243:
2055:
1516:
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1256:
2340:
2436:
761:"Dollar Thrifty Automotive Group Announces Key Leadership Changes; Paxton Named President and CEO"
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2201:
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177:
54:
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announced his company would finance part of Thrifty's acquisition of Snappy for US$ 40 million.
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604:
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223:
154:
110:
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307:
Formerly known as Dollar A Day Rent A Car, Dollar Rent A Car Systems, Inc. was founded by
8:
2355:
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2025:
2020:
1942:
283:
announced the company's purchase of Dollar Thrifty Automotive Group for US$ 2.3 billion.
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2320:
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1962:
1947:
1927:
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1308:
1021:
991:"Dollar Thrifty Automotive Group promoted to chief marketing officer R. Scott Anderson"
262:
211:
138:
28:
2375:
2259:
2206:
1990:
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142:
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2085:
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1912:
1855:
2458:
2251:
2125:
1865:
1708:
719:
Phillips, Dave (November 7, 1997). "Chrysler to unload Thrifty, Dollar rentals".
239:
166:
121:
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2188:
2178:
2158:
2120:
1917:
1845:
215:
39:
1635:
1595:"Gary L. Paxton Elected to Dollar Thrifty Automotive Group Board of Directors"
605:"Gary L. Paxton Elected to Dollar Thrifty Automotive Group Board of Directors"
579:"Gary L. Paxton Elected to Dollar Thrifty Automotive Group Board of Directors"
2533:
2315:
2163:
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2035:
1995:
1770:
1755:
280:
47:
2279:
2130:
1952:
1750:
1568:
363:
308:
939:"Paxton Retires, Dollar Thrifty Names Scott Thompson as President and CEO"
913:"Paxton Retires, Dollar Thrifty Names Scott Thompson as President and CEO"
887:"Paxton Retires, Dollar Thrifty Names Scott Thompson as President and CEO"
835:"Paxton Retires, Dollar Thrifty Names Scott Thompson as President and CEO"
735:"Paxton Retires, Dollar Thrifty Names Scott Thompson as President and CEO"
333:
2350:
2300:
2075:
1870:
1860:
689:
Naughton, Keith (June 11, 1993). "Management deck shuffled at Chrysler".
346:
312:
299:
266:
247:
1797:
1641:
197:
vehicles to customers within the United States. Some locations featured
189:
From 1990 to 2009, Dollar Thrifty Automotive primarily rented Chrysler,
2110:
2010:
2000:
1972:
1887:
1834:
1765:
1337:. International Directory of Company Histories, St. James Press. 1999.
555:. International Directory of Company Histories, St. James Press. 1999.
529:. International Directory of Company Histories, St. James Press. 1999.
503:. International Directory of Company Histories, St. James Press. 1999.
425:. International Directory of Company Histories, St. James Press. 1999.
376:
227:
146:
65:
967:. United States Security & Exchange Commission. December 3, 2009.
863:. United States Security & Exchange Commission. December 3, 2009.
2385:
2100:
2095:
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2045:
2015:
2506:
2365:
2330:
2310:
2305:
2226:
2115:
2090:
1937:
1902:
397:"After Long Pursuit, Hertz to Buy Dollar Thrifty for $ 2.3 Billion"
150:
2380:
2335:
2140:
2005:
704:
Maurer, Mitch (January 29, 1994). "Chrysler puts exec in Tulsa".
319:
172:
Chrysler announced that Dollar Thrifty Automotive filed with the
2497:
2231:
2135:
2030:
1985:
1932:
1729:
219:
206:
202:
145:. Dollar Thrifty Automotive began to operate as an independent
2480:
2241:
2216:
2070:
198:
190:
69:
2345:
2221:
2105:
1957:
1075:"Hertz makes new bid for car rental company Dollar Thrifty"
238:
Dollar Thrifty Automotive Group's first president and CEO,
194:
1629:
1623:
475:"COMPANY NEWS; CHRYSLER SELLS SNAPPY RENTAL CAR DIVISION"
2560:
Companies formerly listed on the New York Stock Exchange
273:
1491:"COMPANY NEWS; Thrifty Rent-A-Car To Buy Snappy Car"
1413:"COMPANY NEWS; Thrifty Rent-A-Car To Buy Snappy Car"
1311:. IU.S. SECURITIES AND EXCHANGE COMMISSION. 1997.
1309:"DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. Form 10-K"
2531:
965:"DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. FORM 8-K"
861:"DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. FORM 8-K"
318:The Dollar brand focuses on leisure markets and
1335:"Dollar Thrifty Automotive Group, Inc. History"
1179:"No mystery anymore: Hertz moving HQ to Estero"
1127:"No mystery anymore: Hertz moving HQ to Estero"
553:"Dollar Thrifty Automotive Group, Inc. History"
527:"Dollar Thrifty Automotive Group, Inc. History"
501:"Dollar Thrifty Automotive Group, Inc. History"
449:"No mystery anymore: Hertz moving HQ to Estero"
423:"Dollar Thrifty Automotive Group, Inc. History"
1207:. The Wall Street Journal. December 13, 2016.
815:. TD.R. Stewart, Tulsa World. October 13, 2009
655:. TD.R. Stewart, Tulsa World. October 13, 2009
633:. TD.R. Stewart, Tulsa World. October 13, 2009
2444:
1813:
1657:
787:"Company Overview of Dollar Rent A Car, Inc"
993:. Business Travel News. February 12, 2008.
2520:List of companies based in Tulsa, Oklahoma
2451:
2437:
1820:
1806:
1664:
1650:
1103:. The New York Times. September 14, 2011.
1101:"Avis Abandons Its Bid for Dollar Thrifty"
1017:"Avis Abandons Its Bid for Dollar Thrifty"
362:Dollar Thrifty Automotive was listed as a
157:for US$ 2.3 billion on November 19, 2012.
27:
1827:
1671:
477:. The New York Times. September 9, 1994.
356:
1049:"Hertz Extends Offer for Dollar Thrifty"
763:. F&I Magazine. September 26, 2003.
718:
688:
332:
298:
233:
2555:Transport companies established in 1990
1283:"Chrysler to Acquire Dollar Rent a Car"
945:from the original on September 11, 2017
919:from the original on September 11, 2017
893:from the original on September 11, 2017
841:from the original on September 11, 2017
741:from the original on September 11, 2017
399:. The New York Times. August 26, 2012.
265:, a New York Stock Exchange listed and
174:U.S. Securities and Exchange Commission
2550:American companies established in 1990
2532:
1543:"Dollar Thrifty Automotive Group, Inc"
1439:"Dollar Thrifty Automotive Group, Inc"
1389:. Career Builder. 2017. Archived from
1387:"Dollar Thrifty Automotive Group, Inc"
1361:"Dollar Thrifty Automotive Group, Inc"
1233:. Career Builder. 2017. Archived from
1231:"Dollar Thrifty Automotive Group, Inc"
1155:. Career Builder. 2017. Archived from
1153:"Dollar Thrifty Automotive Group, Inc"
941:. Auto Rental News. October 14, 2008.
915:. Auto Rental News. October 14, 2008.
889:. Auto Rental News. October 14, 2008.
837:. Auto Rental News. October 14, 2008.
737:. Auto Rental News. October 14, 2008.
703:
160:
2540:Car rental companies based in Florida
2432:
1801:
1645:
1597:. The Auto Channel. October 1, 2003.
1523:from the original on October 17, 2015
1471:from the original on October 17, 2015
1051:. The New York Times. July 11, 2011.
813:"Dollar Thrifty offers brand variety"
674:"What Happened to AMC's Executives".
653:"Dollar Thrifty offers brand variety"
631:"Dollar Thrifty offers brand variety"
328:
242:, was the final president and CEO of
22:Dollar Thrifty Automotive Group, Inc.
2411:
1601:from the original on August 31, 2017
1575:from the original on August 30, 2017
1549:from the original on August 31, 2017
1517:"Chrysler to Buy Thrifty Rent-a-Car"
1497:from the original on August 31, 2017
1493:. The New York Times. May 24, 1989.
1465:"Chrysler to Buy Thrifty Rent-a-Car"
1445:from the original on August 31, 2017
1419:from the original on August 31, 2017
1415:. The New York Times. May 24, 1989.
1367:from the original on August 31, 2017
1341:from the original on August 31, 2017
1315:from the original on August 31, 2017
1259:. Los Angeles Times. June 27, 1990.
1211:from the original on August 31, 2017
1107:from the original on August 31, 2017
1081:from the original on August 31, 2017
1055:from the original on August 31, 2017
1029:from the original on August 31, 2017
997:from the original on August 31, 2017
971:from the original on August 31, 2017
867:from the original on August 31, 2017
793:from the original on August 31, 2017
767:from the original on August 31, 2017
611:from the original on August 31, 2017
585:from the original on August 31, 2017
559:from the original on August 31, 2017
533:from the original on August 31, 2017
507:from the original on August 31, 2017
481:from the original on August 31, 2017
429:from the original on August 31, 2017
294:
274:Acquisition by the Hertz Corporation
1519:. Los Angeles Times. May 19, 1989.
1467:. Los Angeles Times. May 19, 1989.
1289:from the original on March 23, 2017
1263:from the original on March 24, 2017
1205:"Hertz Names Kathryn Marinello CEO"
1185:from the original on August 5, 2017
1133:from the original on August 5, 2017
455:from the original on August 5, 2017
403:from the original on August 8, 2017
184:
13:
2545:Companies based in Tulsa, Oklahoma
1285:. Chicago Tribune. June 27, 1990.
1077:. Consumer Reports. May 11, 2011.
14:
2581:
1617:
137:is the former holding company of
2410:
2399:
2398:
1981:List of carsharing organizations
2326:Dollar Thrifty Automotive Group
1687:Dollar Thrifty Automotive Group
1587:
1561:
1535:
1509:
1483:
1457:
1431:
1405:
1379:
1353:
1327:
1301:
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983:
957:
931:
905:
879:
853:
827:
805:
779:
753:
727:
712:
697:
682:
667:
645:
623:
135:Dollar Thrifty Automotive Group
597:
571:
545:
519:
493:
467:
441:
415:
389:
1:
2570:2012 mergers and acquisitions
2565:1997 initial public offerings
382:
1638:parent company official site
7:
370:
244:American Motors Corporation
94:November 19, 2012
10:
2586:
2056:GetGo (carsharing company)
1735:Hertz Penske Truck Leasing
1545:. Funding Universe. 2017.
1441:. Funding Universe. 2017.
1363:. Funding Universe. 2017.
607:. The Auto Channel. 2003.
581:. The Auto Channel. 2003.
79:November 4, 1997
2516:
2500:Largest Private Companies
2496:
2473:
2394:
2293:
2250:
2207:Hertz Moving Truck Rental
2187:
2149:
1971:
1833:
1779:
1743:
1717:
1679:
116:
105:
90:
75:
61:
45:
35:
26:
2460:Tulsa-based corporations
2465:Tulsa metropolitan area
2265:Combined Motor Holdings
2202:Enterprise Rent-a-Truck
1787:The Omnibus Corporation
337:Thrifty Car Rental Logo
178:New York Stock Exchange
1181:. NBC 2. May 8, 2013.
1129:. NBC 2. May 8, 2013.
1025:. September 14, 2011.
451:. NBC 2. May 8, 2013.
357:Awards and recognition
338:
304:
303:Dollar Rent A Car Logo
16:Former holding company
2275:Hertz Global Holdings
2174:Motorhome hire agency
2151:Recreational vehicles
1828:Vehicle rental brands
1673:Hertz Global Holdings
336:
302:
234:Former key executives
155:The Hertz Corporation
111:The Hertz Corporation
1761:Kathryn V. Marinello
1725:Advantage Rent a Car
1680:Current subsidiaries
1569:"Thrifty Car Rental"
678:. November 22, 1987.
289:Kathryn V. Marinello
2270:Enterprise Holdings
2212:Penske Truck Rental
2197:Budget Truck Rental
2026:Enterprise Car Club
1718:Former subsidiaries
789:. Bloomberg. 2017.
676:The Washington Post
161:Company development
23:
2487:Williams Companies
2321:Community CarShare
2011:Communauto/Vrtucar
1704:Firefly Car Rental
1697:Thrifty Car Rental
1630:Thrifty Car Rental
1393:on August 31, 2017
1237:on August 31, 2017
1159:on August 31, 2017
1022:The New York Times
339:
329:Thrifty Car Rental
305:
263:Group 1 Automotive
212:Ford Motor Company
149:subsidiary of the
139:Thrifty Car Rental
21:
2527:
2526:
2426:
2425:
2376:Tilden Rent-a-Car
2260:Avis Budget Group
2252:Holding companies
1991:Cambio CarSharing
1795:
1794:
1692:Dollar Rent A Car
1624:Dollar Rent A Car
295:Dollar Rent A Car
143:Dollar Rent A Car
132:
131:
2577:
2468:
2453:
2446:
2439:
2430:
2429:
2414:
2413:
2402:
2401:
2285:Tourism Holdings
2086:Momo Car-Sharing
1913:First Car Rental
1822:
1815:
1808:
1799:
1798:
1666:
1659:
1652:
1643:
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1611:
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445:
439:
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419:
413:
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410:
408:
393:
366:Company in 2003.
281:Mark P. Frissora
185:The rental fleet
101:
99:
86:
84:
31:
24:
20:
2585:
2584:
2580:
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2422:
2390:
2289:
2246:
2183:
2145:
2126:Uhaul Car Share
1967:
1829:
1826:
1796:
1791:
1775:
1739:
1713:
1709:Hertz Car Sales
1675:
1670:
1620:
1615:
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1604:
1602:
1593:
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1588:
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1328:
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1307:
1306:
1302:
1292:
1290:
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2463:(within the
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2280:Shlomo Group
2189:Truck rental
2131:Yandex.Drive
1953:Rent-a-Wreck
1876:South Africa
1751:Henry Caruso
1686:
1603:. Retrieved
1589:
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1511:
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1407:
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1391:the original
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1251:
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1235:the original
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1199:
1187:. Retrieved
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1161:. Retrieved
1157:the original
1147:
1135:. Retrieved
1121:
1109:. Retrieved
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1083:. Retrieved
1069:
1057:. Retrieved
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985:
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855:
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829:
817:. Retrieved
807:
795:. Retrieved
781:
769:. Retrieved
755:
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729:
721:Detroit News
720:
714:
705:
699:
691:Detroit News
690:
684:
675:
669:
657:. Retrieved
647:
635:. Retrieved
625:
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587:. Retrieved
573:
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443:
431:. Retrieved
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391:
364:Fortune 1000
351:
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324:
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306:
285:
277:
260:
256:
252:
237:
188:
171:
164:
134:
133:
117:Headquarters
109:Acquired by
36:Company type
18:
2474:Fortune 500
2351:JustShareIt
2076:Greenwheels
1861:Auto Europe
706:Tulsa World
347:Lee Iacocca
313:Los Angeles
267:Fortune 500
248:Lee Iacocca
2534:Categories
2341:Hertz 24/7
2111:Stadtmobil
2001:Carzonrent
1973:Carsharing
1898:Enterprise
1888:Carzonrent
1835:Car rental
1766:Paul Stone
1605:August 30,
1579:August 30,
1553:August 30,
1527:August 30,
1501:August 30,
1475:August 30,
1449:August 30,
1423:August 30,
1397:August 30,
1371:August 30,
1345:August 30,
1319:August 30,
1293:August 30,
1267:August 30,
1241:August 30,
1215:August 30,
1189:August 30,
1163:August 30,
1137:August 30,
1111:August 30,
1085:August 30,
1059:August 30,
1033:August 30,
1001:August 30,
975:August 30,
949:August 30,
923:August 30,
897:August 30,
871:August 30,
845:August 30,
819:August 30,
797:August 30,
771:August 30,
745:August 30,
659:August 30,
637:August 30,
615:August 30,
589:August 30,
563:August 30,
537:August 30,
511:August 30,
485:August 30,
459:August 30,
433:August 30,
407:August 30,
383:References
377:Car rental
147:car rental
98:2012-11-19
83:1997-11-04
66:Car rental
57:: DTG
2386:Yourdrive
2371:Streetcar
2101:Share Now
2096:Revv Cars
2051:Getaround
2046:Flinkster
2016:Delimobil
1851:Advantage
53:Formerly
48:Traded as
2507:QuikTrip
2405:Category
2366:ReachNow
2331:DriveNow
2306:Bluecity
2301:Autolib'
2227:TR Group
2116:Sunfleet
2091:MylesCar
2041:Flexicar
1943:National
1938:Localiza
1903:Europcar
1599:Archived
1573:Archived
1547:Archived
1521:Archived
1495:Archived
1469:Archived
1443:Archived
1417:Archived
1365:Archived
1339:Archived
1313:Archived
1287:Archived
1261:Archived
1209:Archived
1183:Archived
1131:Archived
1105:Archived
1079:Archived
1053:Archived
1027:Archived
995:Archived
969:Archived
943:Archived
917:Archived
891:Archived
865:Archived
839:Archived
791:Archived
765:Archived
739:Archived
609:Archived
583:Archived
557:Archived
531:Archived
505:Archived
479:Archived
453:Archived
427:Archived
401:Archived
371:See also
151:Chrysler
62:Industry
2417:Commons
2381:Whizzgo
2336:Flexcar
2294:Defunct
2141:Zoomcar
2006:Cityhop
1963:Thrifty
1948:Payless
1908:Firefly
1780:Related
320:tourism
224:Hyundai
96: (
91:Defunct
81: (
76:Founded
70:Leasing
2498:Forbes
2232:U-Haul
2136:Zipcar
2031:EvCard
1986:BlueSG
1933:Kemwel
1893:Dollar
1883:Budget
1871:Europe
1842:24Rent
1744:People
1730:Donlen
220:Nissan
207:Toyota
205:, and
203:Nissan
193:, and
40:Public
2489:(347)
2483:(224)
2481:ONEOK
2356:Maven
2311:Citer
2242:Zigup
2217:Ryder
2071:GoGet
2066:GoCar
2021:Enjoy
1923:Hertz
1856:Alamo
1636:Hertz
199:Mazda
191:Dodge
2509:(34)
2346:I-GO
2222:Sixt
2169:JUCY
2121:Turo
2106:Sixt
2081:Modo
1958:Sixt
1928:JUCY
1866:Avis
1607:2017
1581:2017
1555:2017
1529:2017
1503:2017
1477:2017
1451:2017
1425:2017
1399:2017
1373:2017
1347:2017
1321:2017
1295:2017
1269:2017
1243:2017
1217:2017
1191:2017
1165:2017
1139:2017
1113:2017
1087:2017
1061:2017
1035:2017
1003:2017
977:2017
951:2017
925:2017
899:2017
873:2017
847:2017
821:2017
799:2017
773:2017
747:2017
661:2017
639:2017
617:2017
591:2017
565:2017
539:2017
513:2017
487:2017
461:2017
435:2017
409:2017
195:Jeep
141:and
106:Fate
68:and
55:NYSE
1846:ACE
311:in
228:Kia
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226:,
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
