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Hertz withdraws offer for Dollar Thrifty

Hertz withdraws offer for Dollar Thrifty

28 October 2011 Car Rental News

Hertz Global has announced it is withdrawing its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group. The car rental giant decided to withdraw its exchange offer at this time in light of Dollar Thrifty’s plan to commence its announced share repurchase program and current market conditions.

Hertz to offer DIRECTV to car rental customers

Hertz to offer DIRECTV to car rental customers

27 October 2011 Car Rental News

Hertz Entertainment Services and DIRECTV Auto, operated by FMG Lifestyle, are teaming up to offer 200-plus channels of current DIRECTV programming to customers in the entertainment, sports and events industries renting select Hertz Entertainment Services vehicles. Hertz Entertainment Services, a wholly owned subsidiary of The Hertz Corporation, is the only car rental company offering in-motion DIRECTV programming to its studio production customers.

Hertz Adds Five Transit Connect Electric Vans to Its Fleet

Hertz Adds Five Transit Connect Electric Vans to Its Fleet

19 October 2011 Press Release Car Rental News

The Hertz Corporation, the world’s largest general use airport car rental brand, and Azure Dynamics Corporation (“Azure”), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium commercial vehicles, today jointly announced the addition of the innovative Ford Transit Connect Electric van into Hertz’s fleet, a first for the car rental industry.

Hertz completes acquisition of Donlen Corporation

Hertz completes acquisition of Donlen Corporation

6 September 2011 Press Release Car Rental News

Hertz Global Holdings, Inc. announced that it has completed the acquisition of Donlen Corporation (“Donlen”), a leading provider of fleet leasing and management services. The acquisition was funded by $177 million in cash proceeds from Hertz and the assumption of $770 million in Donlen fleet debt.