Related: Hertz Closes Q3 with $2.8B Revenue
Sixt Denies Rumors It's Buying Hertz
"Current market speculations and media reports in the USA that Sixt SE is interested in acquiring Hertz are completely unfounded and false," officials said in a statement.
November 30, 2018
Photo courtesy of Sixt.
1 min to read
Sixt released a statement today denying the rumors that it is pursuing an acquisition of Hertz. The rumor, first reported Wednesday on Seeking Alpha, gave little information of the supposed purchase, only saying that "European car rental player Sixt SE is interested in a takeover."
"Current market speculations and media reports in the USA that Sixt SE is interested in acquiring Hertz are completely unfounded and false," Sixt officials said in a statement. "Sixt rejects these rumors as inaccurate."
Based on today's stock prices, Hertz's market capitalization is $1.568 billion and Sixt's is 3.603 billion euros ($4.08 billion). At the end of 2019, Hertz reported a total revenue of $8.8 billion, while Sixt earned $2.9 billion.
More Fleet Acquisition
Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
Read More →
DriveItAway, Free2move Plan Shared Fleet Program for Independent Rental Fleet Operators
Vehicles would be placed with participating rental operations to support car renter demand and provide additional fleet capacity.
Read More →
Stellantis Recalls 1.3 Million Jeep Vehicles Worldwide Over Fire Risk
Stellantis is recalling more than 1.3 million Jeep Wrangler and Gladiator models worldwide over a fire risk linked to power steering pump wiring.
Read More →
Rental Fleet Sales Skating Just Above 2025 Levels
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →
Get Ready To Roll: No Stopping Self-Driving Rental Cars
The autonomous mobility technology revolution will move at its own pace, but sooner rather than later.
Read More →
Cross-Pressures, Evolving Trends Drive 2026 Rental Car Industry
A combination of cautious economic behavior, shifts in the rental vehicle market, and technological influences are shaping car rental operator decisions.
Read More →
Monthly Rental Fleet Sales Dip Again As YTD Numbers Flatten
Pull-ahead demand for rental cars in the second half of 2025 appears to be slowing purchases so far this year.
Read More →
DriveItAway Transitions To OTCID, Expands To 40 U.S. Markets
The dual milestone propels the company toward its goals of accessing longer-term capital markets and deploying a national platform.
Read More →
Rental Fleet Sales Stay Ahead In Q1 Despite Monthly Dip
Vehicle sales into commercial fleets are outpacing rental car fleet purchases so far this year.
Read More →
Rental Fleet Sales Slow In February Ending A Strong Streak
Commercial fleets posted the most gains, sustaining increases in monthly and year-to-date fleet sales
Read More →