live forex trading On this day, Walter L. Jacobs, founder of the first car rental company, died. Although he was "not exactly" the founder of the Hertz Corporation, Jacobs' car rental business became the Hertz Corporation after it was purchased by John Hertz in 1923. At the age of 22, Jacobs opened a car-rental business with a dozen Model T Fords that he personally repaired and maintained. Within five years, his business generated an annual revenue of around $1 million. After he sold his business to Mr. Hertz, the president of the Yellow Cab and Yellow Truck and Coach Manufacturing Company, Jacobs remained Hertz's top executive. In addition to its innovations within the car rental industry, Hertz also maintains the unusual distinction of having been a subsidiary of both the General Motors Corporation and Ford Motor Company.
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Steve Lyons, head of the automaker's core Ford Division, spoke of the change in policy toward young buyers -- and an easing of some previous restrictions on loans -- in remarks to reporters on the sidelines of the annual convention of the National Automobile Dealers Association.
"Ford Credit is doing some things for young buyers that we think will make a difference," Lyons said, referring to Ford's financial arm.
These days, in fact, a bolted-together clone of a 30-year-old Plymouth can go for six figures -- the real thing having gotten far too expensive. That's because the hottest trend among collectors is classic muscle cars.
JUPITER, FL - It’s evident that, especially down here in South Florida, “the truck” is one of the most popular auto choices for business as well as personal travel. Moroso will once again host the truck event of the year and tip their hats to, the Truck & Trailer USA/Jammin’ Grafix Pepsi Jet & Truck Nationals on April 23-24th, presented by Miller’s Ale House Restaurants and the GATER 98.7fm. This truck festival is the most powerful racing exhibition of raw horsepower, including not only Jet Trucks and cars, but Truck drag racing, a Jammin Grafix Truck Show n Shine, a marketplace, swap meet and a Truck corral to buy and sell used products.
