AUTOS: Don't Buy--Rent

Into the booming auto rental business last week drove a husky newcomer. Greyhound Corp., the biggest U.S. bus line, is forming a car and truck renting subsidiary to be called Greyhound Rent-A-Car, Inc. Concentrating at first on long-term leasing of car and truck fleets to business firms, it will move into hourly and daily rentals to individuals early this summer. The twelve-month goal of Greyhound's new president, ex-Railroader Arthur S. Genet (TIME, Nov. 14), is a fleet of 10,-ooo cars and trucks, third largest in the rental business.

Still far in front of the field is Hertz Corp., with a...

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