Hertz Global Holdings
American car rental company
Follow Hertz Global Holdings on Notably News to receive short updates to your email — rarely!
March 2024 | Stephen M. Scherr stepped down as CEO, being replaced by Gil West. |
February 2024 | Hertz paused purchases of Polestar vehicles, citing losses in the value of electric vehicles. |
January 2024 | Hertz announced plans to sell a third of its EV fleet and reinvest in petrol/gas-powered cars due to weak demand and high repair costs. |
February 2023 | Hertz stated plans to make a quarter of its total vehicle fleet electric. |
December 2022 | Hertz announces a settlement of 364 pending claims related to vehicle theft reporting, resolving over 95% of its outstanding theft reporting disputes by agreeing to pay approximately $168 million. |
October 2022 | Hertz partnered with Uber to offer up to 50,000 Tesla vehicles for rent to Uber drivers. |
September 2022 | Hertz unveiled a deal with General Motors to purchase up to 175,000 electric vehicles from various brands over 5 years. |
September 2022 | Hertz announced a memorandum of understanding for developing a national network of EV charging stations with bp pulse. |
April 2022 | Hertz announced intent to purchase up to 65,000 Polestar 2 vehicles over 5 years. |
March 2022 | Hertz added Tesla Model Y crossovers to its electric vehicle order. |
February 2022 | A judge compels Hertz to disclose that the company reports approximately 3,365 customers to the police for theft annually, representing 0.014% of their 25 million annual transactions in the United States. |
February 2022 | Stephen M. Scherr was named Chief Executive Officer of Hertz. |
November 2021 | Hertz went public again on the Nasdaq with the symbol HTZ. |
October 2021 | Mark Fields was named interim CEO of Hertz. On October 25, he announced a plan to buy 100,000 Tesla vehicles to electrify the fleet. |
October 5 2021 | Hertz announced Mark Fields as interim CEO and Paul Stone as president and chief operations officer. |
July 1 2021 | Hertz emerged from Chapter 11 bankruptcy and changed its ticker symbol from HTZGQ to HTZZ. |
October 2020 | Hertz was delisted from the New York Stock Exchange. |
June 11 2020 | Hertz attempted to raise up to $1 billion in new equity during bankruptcy, with the stock experiencing unusual trading activity. |
May 22 2020 | Hertz Global Holdings filed for Chapter 11 bankruptcy, citing severe revenue decline and reduced bookings due to the COVID-19 pandemic, marking a significant financial turning point for the company. |
May 18 2020 | Kathryn V. Marinello resigned as CEO, and Hertz announced Paul Stone as new president and chief executive. |
April 30 2020 | Hertz announced missed lease payments and sought support from lenders to avoid bankruptcy. |
2019 | Hertz begins experiencing a mounting controversy involving false accusations of car theft against customers, with numerous reports of customers being wrongly accused and arrested. |
January 2 2017 | Kathryn V. Marinello, former CEO of Stream Global Services, was appointed president and chief executive officer of The Hertz Corporation following John Tague's retirement. |
July 1 2016 | Herc Rentals became an independently publicly traded company called Herc Holdings Inc., separating from Hertz Global Holdings. |
November 2014 | John P. Tague replaced Mark Frissora as chief executive officer and president of The Hertz Corporation. |
May 2013 | Hertz Global Holdings announced relocation of worldwide headquarters from Park Ridge, New Jersey to Estero, Florida, with a temporary office in Naples housing 640 employees until a new facility was completed in 2015. |
This contents of the box above is based on material from the Wikipedia article Hertz Global Holdings, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.