
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, May 3, 1990                   TAG: 9005030169
SECTION: BUSINESS                    PAGE: C5   EDITION: METRO 
SOURCE: 
DATELINE: DETROIT                                LENGTH: Short

MITSUBISHI BUYS CONTROL IN CAR RENTAL

Mitsubishi Motors Corp. plans to acquire a controlling interest in Value Rent-A-Car Inc., making it the first Japanese automaker to buy an equity interest in a U.S. car rental company.

Executives would not disclose terms of the transaction. The companies expect to complete the deal by the end of the month.

Value, based in Deerfield Beach, Fla., has a fleet of about 20,000 cars. Hertz, the industry leader, maintains about 180,000 autos in the United States. - Staff report

by CNB