Hertz Global Holdings
 |
|
| Subsidiary | |
| Traded as | : HTZ |
| Industry | Car rental and Leasing |
| Founded | Chicago, Illinois, USA (1918) |
| Founder | Walter L. Jacobs |
| Headquarters | Estero, Florida, USA |
|
Number of locations
|
9,700 corporate and franchise between Hertz, Dollar, and Thrifty (as of 2017) |
|
Key people
|
Kathryn V. Marinello (President and CEO) |
| Revenue |
 US$8.803 billion (2017)
|
 US$167 million (2017)
|
|
 US$327 million (2017)
|
|
| Total assets |
US$20.058 billion (2017)
|
| Total equity |
US$1.520 billion (2017)
|
| Owner | Hertz Global Holdings |
|
Number of employees
|
~37,000 (December 2017) |
| Website | www |
The Hertz Corporation, a subsidiary of Hertz Global Holdings Inc., is an American car rental company based in Estero, Florida that operates 9,700 international corporate and franchisee locations. As the second-largest US car rental company by sales, locations, and fleet size, Hertz operates in 150 countries, including North America, Europe, Latin America, Africa, Asia, Australia, The Caribbean, the Middle East, and New Zealand. The Hertz Corporation owns Dollar and Thrifty Automotive Group - which separates into Thrifty Car Rental and Dollar Rent A Car.
Hertz Global Holdings, the parent company of The Hertz Corporation, was ranked 264th in Forbes’ 2014 Fortune 500 list, and 296th in 2016. As of 2016, the company has revenues of $9.4 billion USD, assets of $1.9 billion USD, and 36,000 employees.
The Hertz Corporation, originally known as Rent-a-Car Inc., was founded by Chicago, Illinois native Walter L. Jacobs in 1918. This small car rental operation began with a dozen Model T Ford cars. Within five years, Jacob’s fleet expanded to 600 vehicles - generating annual revenues of approximately $1 million USD.John D. Hertz, owner of Yellow Truck and Coach Manufacturing Company, developed an interest in the brand, leading to him purchasing the company in 1923. It was then renamed to Hertz Drive-Ur-Self System.
Despite being sold to John Hertz, Jacobs continued to serve as president and chief operating officer of Hertz Drive-Ur-Self System until 1961. After three years of ownership, John Hertz sold the rental car brand to General Motors Corporation in 1926, who later purchased the remaining shares of Yellow Truck and Coach Manufacturing Company in 1943. Under the ownership of General Motors, the company released the first rental car charge card in 1926, opened its first rental car location at Chicago’s Midway Airport in 1932, and introduced the first one-way rental plan in 1933. Hertz Drive-Ur-Self System expanded services to Canada in 1938, Europe (France) in 1950, and South America in 1961.
...
Wikipedia