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TIME: Almanac 1995
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TIME Almanac 1995.iso
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1994-03-25
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<text id=92TT0070>
<title>
Jan. 13, 1992: Business Notes:Auto Rental
</title>
<history>
TIME--The Weekly Newsmagazine--1992
Jan. 13, 1992 The Recession:How Bad Is It?
</history>
<article>
<source>Time Magazine</source>
<hdr>
BUSINESS, Page 45
Business Notes
AUTO RENTAL
How About a Bicycle, Then?
</hdr><body>
<p> The price of a drive to the country just took an uphill climb
for Hertz customers in New York City. Last week the rental-car
agency imposed a surcharge on residents of four of the city's
five boroughs who rent autos in the metropolitan area (spared:
Staten Islanders). For Bronx residents, it means a $56-a-day
boost. The firm says it aims to regain the millions of dollars
it has lost under the state's vicarious-liability law, which
places damage liability in the hands of a car owner--in this
case Hertz--even if the owner isn't behind the wheel. But the
real motive, contends New York City consumer affairs
commissioner Mark Green, is to force a change in the law. Nine
other states have such statutes, but the surcharge will apply
only to New York City, where damage losses have been high.
</p>
</body></article>
</text>