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The Hertz Corp. has announced that its board of directors approved plans to separate into two independent, publicly traded companies. The companies will be “Hertz” (Hertz, Dollar, Thrifty, Firefly rental car businesses and Donlen fleet leasing) and “HERC,” the Hertz Equipment Rental Corp.
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Hertz Corp. is spinning off its Hertz Equipment Rental Corp. (HERC) as a separately traded entity that will remain one of the largest global equipment rental companies.
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Hertz Corp.'s Donlen fleet management unit added double-digit growth to the company's non-rental segment in 2013 and showed strong fourth-quarter performance, Hertz reported on March 18.
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The Hertz Corporation, a provider of general use car rentals, has signed an agreement with Costco in the UK, to bring short term Hertz 24/7 van rental to Costco's members.
Read More →It continues to be a good time to be in the rental business. Here are the key trends the investment community will likely be watching in 2014.
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After divesting its Advantage Rent A Car brand last year, Hertz is returning to the "deep-value" leisure rental market by expanding its Firefly brand to travelers at select U.S. airports.
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The Hertz Corporation has introduced 40 new Toyota Prius Hybrid vehicles into its Green Collection in Australia.
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The Hertz location at the San Diego Airport replaces the rental counter with a kiosk.
Read More →The Hertz Corp. announced April 16 it has agreed to invest in China Auto Rental (CAR), acquiring a 20-percent stake in the company and taking a seat on its board of directors. CAR is China’s domestic market leader in short- and long-term car rentals.
Read More →The Hertz Corporation, the general use car rental brand, has appointed Holiday Holdings International as its exclusive General Sales Agent (GSA) in Southern Africa.
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