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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 its largest competitor, Avis also saw the shares going up by ...
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More Hertz articles

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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
NASCAR: Shell-Pennzoil extends Penske Racing sponsorship deal
Shell-Pennzoil has signed a multiyear extension with Penske Racing to remain the primary sponsor of the No. 22 Sprint Cup car. The deal reportedly runs through the 2018 season, for 33 ...

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