Dollar Thrifty to buy franchises to boost revenue

Newswire

NEW YORK, July 29 (Reuters) - Discount car renter Dollar Thrifty Automotive Group Inc. on Tuesday said it would buy 16 of its Thrifty franchises as a way to increase revenue during the ongoing travel slump. Dollar Thrifty, based in Tulsa, Oklahoma, did not disclose the financial terms of the deal. The rental car industry has suffered badly since the Sept. 11, 2001 attacks because the weakened economy that followed kept many would-be travelers at home. To boost revenue, Dollar Thrifty ...

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