Hertz Global Holdings

American car rental company

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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.

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