Post Tagged with: "Hertz"

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Hertz raises prices, investors rejoice

Hertz raises prices, investors rejoice

Hertz Global Holdings and Avis Budget Group both have seen their stock rally during the last few days, with investors cheering up the decision to raise prices as they should bring in theory bigger profits. Hertz shares soared 8.2% to $24.47 after during the year they dropped by 21% and […]

US: Hertz finally sees investor favorite named CEO

US: Hertz finally sees investor favorite named CEO

Hertz Global Holdings Inc., the car-rental company that lost its chief executive officer after a scandal revealed botched financial statements, has opted to name John Tague as its new CEO. Tague was elected instead of the former chief executive officer of Dollar Thrifty, and before that he had been the […]

US: Hertz ready to revise results and lower costs

US: Hertz ready to revise results and lower costs

Hertz Global Holdings Inc. has come under massive shareholder pressure to seek a permanent top executive and the company acknowledged it should restate its financial fillings from 2011 through 2013. The company lost its chief executive after a review made by the board’s audit committee so far uncovered financial errors […]

Hertz reveals the three outgoing directors in Icahn pact

Hertz reveals the three outgoing directors in Icahn pact

The well-known car rental company has been troubled recently by the departure of its CEO following internal audit issues and through a deal with billionaire investor Carl Icahn another three directors have left the management board. The company conceded the replacements with Icahn’s associates and now Henry C. Wolf, Barry […]

Hertz to replace 3 directors after agreement with Icahn

Hertz to replace 3 directors after agreement with Icahn

Hertz Global Holdings Inc. reached an agreement with billionaire investor Carl Icahn to name three new directors for the board of the rental-car company in place of its current members. The company stated yesterday that three current directors will retire to be replaced by Icahn associates, Vincent J. Intrieri, Samuel […]

Hertz’s Chairman and CEO resigns

Hertz’s Chairman and CEO resigns

Mark Frissora, chief executive officer of Hertz Global Holdings Inc. stepped down after investors pushed for his removal due to accounting and operational slips. The Florida-based company stated that Frissora is leaving his chairman and CEO positions for personal reasons. The board has begun looking for a permanent chief, and […]

Rental guru Hertz says it will miss internal forecasts

Rental guru Hertz says it will miss internal forecasts

Hertz Global Holdings Inc., the Naples, Florida-based company specialized in auto rentals, has announced its 2014 results are expected to fall “well below” its initial assessment. The company said the industrywide recalls – which have surpassed this year all previous records – as well as an accounting review were the […]

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Hertz adds another Ford Focus ST-H model to its fleet

Hertz adds another Ford Focus ST-H model to its fleet

As Ford and hertz share a long running tradition of cooperation, with collectible models like the 1966 Mustang GT350H or the 2008 Mustang Shelby GT-H, they expanded it now with the latest addition: the Focus ST H. The purpose-built for Hertz Mustangs black, with gold stripes and personally signed by […]

Hertz Penske Mustang GT unveiled

Hertz Penske Mustang GT unveiled

Hertz and Penske Racing have recently pulled the wraps off a special edition of the Mustang GT, which is adding some interesting features to the muscle car. The new Hertz Penske Mustang GT has a familiar black and gold exterior finish but the model has been also equipped with the […]

Hertz offers Lotus Evora as a rental car

Hertz offers Lotus Evora as a rental car

The new Hertz “Adrenaline” range, as part of the Fun Collection in Germany, Spain, France and UK, is offering Lotus Evora vehicles as car rentals. Even though you are maybe used to dull and boring cars when you are going to a rental company, this may just change the view […]

New York: electric Smart cars to rent

New York: electric Smart cars to rent

Hertz will offer an electric version of the tiny Smart Fortwo for rent in New York, Washington, D.C., and San Francisco in the coming months, the companies announced today. Hertz says the electric Smart — not available for general sale through Smart dealers until 2012 — can be rented through […]