In the event of pricing discrepancies, the rental agreements were returned to Germany. Sixt had controlled de facto the pricing for the independent franchisees' prices, as they were part of the Germany-wide reservation system. In 1999, the Federal Court of Justice (BGH) issued a landmark judgment against Sixt for illegal price fixing, requiring it to pay damages to its franchisees. Sixt had failed to secure the naming rights, and subsequently Buchbinder was re-established and continued operating in the market. Also in 1993, Sixt bought the assets of its competitor Autoverleih Buchbinder, operating the brand briefly before finally discontinuing it. Sixt AG acted thereafter as a holding company of the Group. In 1993, the operating business of the AG was handed over to another subsidiary, Sixt GmbH & Co Autovermietung KG. In 1988, the subsidiary Sixt Leasing GmbH was established. The company was transformed again in 1986, this time becoming Sixt AG, a corporation traded on the German stock exchange. In 1982, Auto Sixt was renamed Sixt Autovermietung GmbH, with the name Sixt/Budget in the logo. In 1951, the car rental company Auto Sixt was founded. It then opened a taxi business in Munich with the first radio taxis. When the war concluded, the company rebounded, establishing a taxi fleet for members of the United States Army stationed in Germany. After the war, business resumed, but the fleet was once again seized by the German Army at the outbreak of World War II. During the First World War, the fleet was confiscated and used by the German Army. In 1912, Martin Sixt founded the company with a fleet of three cars, creating the first car rental company in Bavaria. ( December 2022) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. Please help improve this section by adding citations to reliable sources.
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