Hertz Global Holdings, Inc. (“Hertz”) announced today that it has filed a registration statement on Form S-4 with the Securities and Exchange Commission pursuant to its previously announced merger agreement with Dollar Thrifty Automotive Group, Inc. (“Dollar Thrifty”).
Hertz, the world’s largest car rental market, has agreed to buy its smaller rival Dollar Thrifty for $1.2 billion in a deal that heralds significant consolidation within the sector. The deal will strengthen Hertz’s share of the leisure market by adding another 1,550 locations to its global portfolio.
Hertz Global Holdings, Inc. (NYSE: HTZ) announced today that its Board of Directors has set the date and time of the Annual Stockholders Meeting for May 27, 2010 at 10:30 a.m. eastern time.
The Hertz Corporation today launched its new branding campaign. With the tagline “Journey On,” the campaign is designed to showcase both the practical reasons for and emotional experiences of travel, as well as the benefits of starting the journey with a rental from Hertz.
Car rental giant Hertz Global Holdings has seen losses narrow significantly over the fourth quarter of financial year, following a recovery in the key US car rental market and a cost cutting drive.
The Hertz Corporation (NYSE: HTZ), the world’s largest general use car rental brand, today announced it has entered a joint commitment with Nissan to bring zero-emission mobility to car rental in the US and Europe by early 2011.
The Hertz Corporation (NYSE: HTZ) and its equipment rental subsidiary, Hertz Equipment Rental Corporation (HERC), have entered into a Joint Venture with Saudi Arabia based Dayim Holdings Company Ltd.
Hertz announced today it will temporarily stop renting vehicles named in Toyota’s voluntary recall.
Hertz is rolling out a new photographic inspection system that takes pictures of cars before and after they are hired in a bid to eliminate disputes over damage. The equipment takes multiple hi-res images of each car, which show up every scratch and dent, and replace the need for customer-staff manual inspections.
Holidaymakers across the UK and Europe are facing significant hikes in car rental fees due to a shortage of vehicles. The collapse of lending has left car hire firms unable to replace their fleets, which has also coincided with the expectation of lower tourist numbers and cost-cutting programmes. However a surge last-minute summer bookings has led to tourists reporting huge price inflation, and in some cases unable to find cars.
Hertz is to cut more than 4,000 jobs in a worldwide restructuring as it makes further cost savings amid slackening demand.The car rental giant has already cut its workforce by 22% in the last two years. The new losses takes the figure to 32% since August 2006.
Alfredo Ruiz Plaza, 46, has been promoted as Vice President of Regional Operations, Europe at Hertz.