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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.
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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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According to the Wall Street Journal, at least seven retired Hertz executives are condemning the company's plan to issue bonuses to upper management.
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Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.
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R. Eric Esper has served as senior vice president and chief accounting officer of Hertz since November 2018.
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