The Car and Truck Fleet and Leasing Management Magazine

Cendant to Spin Off Vehicle Rental Units as a Separate Company

October 25, 2005

PARSIPPANY, NJ — Cendant, the $18 billion conglomerate that was built through the acquisitions of businesses like Century 21, Avis, Days Inn, and Orbitz, is planning to break into four different companies, including a separate vehicle rental company, according to the New York Times. Under the plan approved by Cendant’s board, the company will be divided into four parts — real estate, travel distribution, hospitality, and vehicle rental. Each unit will be spun off into a separate publicly traded company. Current Cendant shareholders will receive shares in each and will continue to receive dividends. The change should not impact customers and employees, according to the New York Times.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

The National Association of Fleet Resale Dealers (NAFRD) is managed by the National Independent Automobile Dealers Association (NIADA), a non-profit organization representing the independent vehicle industry and its members.

Read more

Up Next

More From The World's Largest Fleet Publisher