
Hertz My Car provides three all-inclusive subscription tiers that offer a variety of vehicles to fit customers' budgets and includes liability protection and premium roadside assistance.
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Hertz CEO Paul Stone cited U.S. rental volume improvements since Labor Day and domestic revenue improvements of 14 points from July to September.
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The financing, expected to be structured as an asset-backed securitization short-term facility, will fund the purchase of about 229,000 vehicles in 2021.
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Customers will get one day free when they reserve a car for at least two days and pick up on Nov. 2 or 3 from participating Hertz neighborhood locations.
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After losing his job to COVID-19 layoffs, Andrei Popow continued his worked delivering PPE to essential workers, even though he didn’t have a vehicle and had to pay for a rental car. Now, he'll be able to expand his work thanks to his new vehicle.
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Kenny K. Cheung was recently promoted to executive VP of finance and chief operational finance and restructuring officer.
Read More →When normal incentive structures go out the window, how do you keep key talent in times of severe financial distress?
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Hertz is evaluating two loan offers of about $1 billion to $1.5 billion.
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Emmanuel Delachambre, who was previously chairman and CEO at GEFCO France, will join Hertz on Oct. 5.
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