TIME Magazine content is available exclusively for TIME subscribers.

Current subscribers for full access. Not a TIME subscriber? .

The Friendly Skies Get Wheels

Hertz last week got someone new in its driver's seat. UAL Inc., the $6.9 billion parent of United Airlines, announced plans to buy the largest and oldest (founded 1918) U.S. car-rental company for $587.5 million in cash from RCA, which has owned it for 18 years. By combining Hertz (1984 sales: $1.4 billion) with America's largest airline and UAL's 54-unit luxury Westin Hotel subsidiary, the deal will create a travel and hotel complex to serve the business traveler from plane to car to bed. Said UAL Chairman Richard Ferris: "The sun, the moon and the stars have all come together."

The...

Time.com on Digg

POWERED BY digg

Quotes of the Day »

DAVID CAMERON, British Prime Minister, on England's soccer manager, Fabio Capello, who resigned after challenging the FA's decision to strip John Terry of the captaincy; Terry denies a charge of racially abusing QPR's Anton Ferdinand
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.