Category: Press Release

  • Hertz Updates U.S. Rental Car Fleet With Significant Refresh Of 2015 Model Year Vehicles
The Company has added over 235,000 New Cars So Far, Bringing Customers an Extensive Mix of Brand-New, Low-Mileage Vehicles

    Hertz Updates U.S. Rental Car Fleet With Significant Refresh Of 2015 Model Year Vehicles The Company has added over 235,000 New Cars So Far, Bringing Customers an Extensive Mix of Brand-New, Low-Mileage Vehicles

    ESTERO, Fla., May 6, 2015 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), which includes the Hertz, Dollar and Thrifty brands, is updating its U.S. rental car fleet with a significant refresh of 2015 model year cars ranging from budget-friendly sedans and SUVs to high-end, luxury models. As of April 30, 2015, the Company had added over 235,000 new vehicles from a variety of manufacturers providing customers with a wide selection of low-mileage makes and models. Hertz further diversifies its rental fleet options with leading in-car products and services.

    The fleet refresh includes an extensive selection of 2015 models from Chrysler, Fiat, Ford, General Motors, Hyundai, Infiniti, Kia, Mazda, Mercedes Benz, Mitsubishi, Nissan, Toyota, Volkswagen and more. Renters will be able to enjoy the newest models of the award-winning and fuel-efficient customer favorites — the Nissan Altima, Toyota Camry and Chevrolet Cruze, which will be prominent across U.S. locations. Additionally, Hertz expanded its exclusive luxury Dream Cars Collection to include the 2015 Mercedes Benz C-Class, the 2015 Porsche Macan Turbo and the 2015 Mercedes CLA45 AMG.

    "We are thrilled to bring customers across all of our brands not only a wide variety of vehicles but better vehicle options. With this refresh, we are continuing to diversify our fleet with a mix of models that includes some of the safest, most fuel-efficient and top-rated vehicles in the market," said Tom Frese, Senior Vice President, Fleet and Procurement. "We are working hard to put our renters only in the best of what’s available, while meeting a range of customers’ tastes and needs."

    "At this point we have delivered a substantial number from our 2015 fleet purchase to our U.S. rental locations. We expect that by mid-2015 we will have greatly improved our fleet’s mileage profile, restoring it to our historic low levels. Safety and reliability remain top priorities, and we’re working hard to ensure our entire fleet reflects this," continued Frese.

    In addition to the Company’s cars being low-mileage, safe and reliable, Hertz believes it has one of the most fuel-efficient fleets in the industry. Over 80 percent of Hertz’s vehicles have a minimum fuel-efficiency rating of 28 highway miles per gallon.

    Other improved products and service offerings available with Hertz rentals include the award-winning loyalty program Hertz Gold Plus Rewards, the Hertz NeverLost and the NeverLost Companion app, Sirius XM Satellite Radio, PlatePass, for convenient travel through the country’s toll systems, and more. Renters can easily add one of these products or upgrade their rental to a bigger car or one of Hertz’s premium collections online at www.hertz.com or at the counter upon arrival.

    ABOUT HERTZ

    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,500 corporate and licensee locations throughout approximately 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,600 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The Company also owns Hertz Equipment Rental Corporation ("HERC"), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS

    Certain statements contained in this release, and in related comments by the Company’s management, include "forward-looking statements." Forward-looking statements include information concerning the Company’s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "becoming," "expect," "project," "potential," "preliminary," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on SEC Forms 10K, 10Q and 8K. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    Logo – http://photos.prnewswire.com/prnh/20130620/NY35609LOGO

    SOURCE The Hertz Corporation

    Related Links

    http://www.hertz.com

  • Kingston College Travel and Tourism Students Get a Taste of Working at Hertz London Heathrow in Week-Long Placements

    Kingston College Travel and Tourism Students Get a Taste of Working at Hertz London Heathrow in Week-Long Placements

    LONDON, April 28, 2015 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) announced that its Hertz London Heathrow operations hosted seven Kingston College Travel and Tourism students at week-long work experience placements throughout April. Hertz and Kingston College connected through their mutual affiliation with the Global and Travel Tourism Partnership (GTTP.org), a multi-country educational foundation to introduce students to career opportunities in Travel & Tourism.

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    On her work placement at Hertz, Kingston College Travel & Tourism Level 3 student Davida Arhin learns about Hertz Gold from Customer Service Representative Abel Kahuni. Hertz and Kingston College connected through the Global Travel and Tourism Partnership.

    On her work placement at Hertz, Kingston College Travel & Tourism Level 3 student Davida Arhin learns about Hertz Gold from Customer Service Representative Abel Kahuni. Hertz and Kingston College connected through the Global Travel and Tourism Partnership.

    The Hertz Heathrow Area Manager gave the Kingston College students daily assignments in customer service, teamwork and office learning skills. This included observing customer service at check in, working as part of the Instant Return and Gold Desk teams, and helping customers with directions and luggage handling.

    Michel Taride, Hertz International RAC Group President, and Chair of the GTTP’s Advisory Board, said: "We were delighted to host the Kingston College Travel and Tourism students at Heathrow, our largest airport location in Europe. The college has an impressive travel and tourism studies program, aimed at helping students with career planning and preparation. Providing practical work experience for students is a great way for the travel and tourism industry and educational institutions to work together to foster future talent."

    Based in South West London, Kingston College is a major provider of further education for post-secondary students. Its Service Department offers Level 1-3 travel and tourism courses aimed at students aged 16-19. The goal of the college’s work experience program is to expose students to a travel and tourism related working environment and to work as part of a professional team.

    Martin O’Brien, Programme Leader – Service Industries, Kingston College, said: "Our students thoroughly enjoyed their Hertz work experience. The students have reported that they grew in self-confidence as well. As many students are planning a career in travel and tourism or wider service industries, they particularly appreciated the opportunities to greet and help customers as well as work alongside the Hertz Heathrow team. I would like to thank the team at Hertz for providing our students with such a fantastic opportunity."

    Kingston College has been affiliated with the Global Travel and Tourism Partnership for several years, and two of its students represented the UK at the 2012 GTTP Student/Teacher Conference in Monaco. The College works closely with the GTTP UK Director to maintain their industry knowledge and relevance for the students.

    Hertz has been an Advisory Board Member of the GTTP for nearly 20 years. Additional Global Partner Advisory Board members include senior executives from Amadeus, American Express, Carlson Wagonlit Travel, Delta Airlines, Enterprise Holdings, HRG, KDS, Starwood and Travelport.

    About Hertz

    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    About The Global Travel & Tourism Partnership

    The Global Travel & Tourism Partnership is an industry philanthropic initiative to foster future talent and tackle the global skills shortage. The GTTP educates secondary school students about careers in Travel and Tourism at a time when they are making career and education choices. Demand for the GTTP program is high. GTTP served 36,000 students in 1996, growing to more than 551,000 in 2015, with about two million students trained in total. The program operates in Brazil, Canada, China, Hong Kong, Hungary, Ireland, Jamaica, Kenya, Russia, South Africa, Tanzania, and the UK. The GTTP’s Global Partner Advisory Board is comprised of senior executives from Amadeus, American Express, Carlson Wagonlit Travel, Delta Airlines, Enterprise Holdings, The Hertz Corporation, HRG, KDS, Starwood and Travelport.

    Hertz Press Contact:
    Evelin Imperatrice
    Hertz International
    T: +44 1895 553 695
    E: eimperatrice@hertz.com

    Photo – http://photos.prnewswire.com/prnh/20150427/211821

    SOURCE The Hertz Corporation

    Related Links

    http://www.hertz.com

  • Hertz Appoints Dave Myrick Senior Vice President, Sales, North America

    Hertz Appoints Dave Myrick Senior Vice President, Sales, North America

    ESTERO, Fla., April 27, 2015 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) today announced that Dave Myrick has been appointed Senior Vice President of Sales for North America. Mr. Myrick reports to Robert J. Stuart, Executive Vice President, Global Sales.

    Mr. Myrick is responsible for sales execution by the North America sales teams for the Company’s car rental brands which include Hertz, Dollar, Thrifty and Firefly. Mr. Myrick has executive-level experience in leading successful revenue generation programs in business-to-business sales channels in the airline industry, including more than 30 years in sales leadership positions for companies including United Airlines, Northwest Airlines, British Airways and US Air. Most recently, Mr. Myrick served in executive-level sales positions for private jet aviation companies, including Executive Vice President of Sales for Jet Edge, International, after holding the position Vice President of Sales at Jetsuite. Mr. Myrick holds a Bachelor’s degree in Business Administration from the University of Southern Mississippi.

    Bob Stuart said, "Dave Myrick has a proven track record in the transformation of sales organizations to achieve profitable sales, revenue and market share expansion while fostering mutually beneficial relationships with business customers. I look forward to working with Dave as we enhance our sales strategies and partnerships."

    ABOUT HERTZ
    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental Company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The Company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    Logo – http://photos.prnewswire.com/prnh/20130620/NY35609LOGO

    SOURCE The Hertz Corporation

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    http://www.hertz.com

  • Thrifty Car Rental Expands Network To Singapore
Hertz’s longstanding franchise partner Sime Darby now operating Thrifty Singapore to cater to value oriented customers’ mobility needs

    Thrifty Car Rental Expands Network To Singapore Hertz’s longstanding franchise partner Sime Darby now operating Thrifty Singapore to cater to value oriented customers’ mobility needs

    LONDON, April 20, 2015 /PRNewswire/ — Thrifty Car Rental, part of The Hertz Corporation (NYSE:HTZ), has expanded its network to Singapore, opening two prominent downtown locations in Ubi Road and Alexandra Road respectively. Thrifty Singapore is operated by Hertz’s long-established franchise partner Sime Darby, which holds an outstanding reputation in the automotive industry. Customers can book travel from www.thrifty.com.

    Thrifty’s downtown branches, conveniently placed in Singapore’s urban areas, will bring car rental closer to those customers with value oriented requirements. Leisure customers as well as small and medium enterprises will benefit from a varied fleet, competitive rates, optional extras and attractive offers.

    Michel Taride, Group President, Hertz International, said: "The launch of Thrifty operations in Singapore represents an important part of the brand’s international growth strategy across Asia. Thrifty’s expansion to an important business and tourist destination such as Singapore results in more choices for those car rental customers who seek convenience, great value and the trust of a global brand. Sime Darby’s reputation and strength in the local automotive sector presents a significant growth potential for Thrifty in Singapore."

    Eddie Ho, General Manager, Sime Darby Services Pte Ltd, said: "Sime Darby Services Pte Ltd has always believed in upholding excellent customer service levels and meeting our customers’ different needs. We are very enthusiastic about operating a trust-worthy global brand such as Thrifty in Singapore. Thrifty offers great value quality products and services that will allow us to meet the growing demand from value conscious leisure and business customers."

    Thrifty Singapore’s ample fleet of vehicles includes compact, economy, intermediate, standard, luxury, full-size passenger, premium and sports utility vehicles (SUV’s).

    Thrifty Car Rental started its expansion to Asia last year. The company currently operates in Singapore, Malaysia and Philippines.

    Notes for editors:

    Hertz’s well-established Dollar and Thrifty brands serve value-oriented leisure customers, including domestic and foreign tourists, small businesses and government travelers in over 1,800 corporate, franchisee and licensee locations in 86 countries. There are more than 900 Dollar and Thrifty locations across Europe and Asia.

    ABOUT HERTZ
    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    Hertz Press Contact:
    Evelin Imperatrice
    Hertz International
    T: +44 1895 553 695
    E: eimperatrice@hertz.com

    SOURCE The Hertz Corporation

    Related Links

    http://www.hertz.com

  • Hertz Announces Closing Of Private Offering Of $780 Million medium Term Rental Car Asset Backed Notes

    Hertz Announces Closing Of Private Offering Of $780 Million medium Term Rental Car Asset Backed Notes

    ESTERO, Fla., April 14, 2015 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or the "Company") today announced that Hertz Vehicle Financing II LP ("HVF II"), a wholly owned special purpose subsidiary of the Company, successfully issued $780.0 million in aggregate principal amount of Series 2015-1 Rental Car Asset Backed Notes, Class A, Class B, and Class C (the "Series 2015-1 Notes"). The Company utilizes the HVF II securitization platform to finance its U.S. rental car fleet.

    The expected maturity of the Series 2015-1 Notes is March 2020. The Series 2015-1 Notes are comprised of $622.44 million aggregate principal amount of 2.73% Rental Car Asset Backed Notes, Class A, $118.529 million aggregate principal amount of 3.52% Rental Car Asset Backed Notes, Class B, and $39.031 million aggregate principal amount of 4.35% Rental Car Asset Backed Notes, Class C. The Class B Notes are subordinated to the Class A Notes. The Class C Notes are subordinated to the Class A Notes and the Class B Notes.

    The net proceeds from the sale of the Series 2015-1 Notes are expected to be used (i) to repay a portion of the outstanding principal amount of HVF II’s Series 2013-A Variable Funding Notes and HVF II’s Series 2014-A Variable Funding Notes and (ii) to make loans to Hertz Vehicle Financing LLC ("HVF"), a wholly owned special purpose subsidiary of the Company. HVF is expected to use the proceeds of any such loans to acquire or refinance vehicles to be leased to The Hertz Corporation or DTG Operations, Inc., each wholly owned subsidiaries of the Company, for use in their daily rental operations. The offering closed on April 14, 2015.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Series 2015-1 Notes or any other securities, nor will there be any sale of the Series 2015-1 Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The Series 2015-1 Notes initially were offered and sold only to qualified institutional buyers in an offering exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and are eligible for resale to investors pursuant to Rule 144A of the Securities Act and to investors outside the United States pursuant to Regulation S under the Securities Act. None of the Series 2015-1 Notes have been registered under the Securities Act or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the securities laws of any applicable state or other jurisdiction.

    About Hertz

    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The Company also owns Hertz Equipment Rental Corporation ("HERC"), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    Cautionary Note Concerning Forward Looking Statements

    Certain statements contained in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results. These forward-looking statements involve risks, uncertainties and assumptions. Many factors could affect our actual financial and operating results and could cause actual results to differ materially from those expressed in the forward-looking statements, due to a variety of important factors, both positive and negative.

    Additional information concerning these factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Current Reports on Form 8-K.

    The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    Logo – http://photos.prnewswire.com/prnh/20130620/NY35609LOGO

    SOURCE Hertz Global Holdings, Inc.

    Related Links

    http://www.hertz.com

  • Hertz Equipment Rental Corporation Launches Equipment Assurance Warranty Program in the U.S.

    Hertz Equipment Rental Corporation Launches Equipment Assurance Warranty Program in the U.S.

    NAPLES, Fla., April 8, 2015 /PRNewswire/ — Hertz Equipment Rental Corporation (HERC) (hertzequip.com), a subsidiary of The Hertz Corporation (NYSE: HTZ), has launched "Equipment Assurance," its equipment extended service plan program, in the U.S. in partnership with Warrantech, a subsidiary of AmTrust Financial Services, Inc.

    "At Hertz Equipment Sales, our equipment is purchased from some of the most trusted names in the industry and all used equipment that we sell is available in HERC ‘Ready to Work’ condition and with a full service history. With Equipment Assurance, we have now established an extended service plan program for additional protection," said Robert G. Cowing, Division Vice President Sales, North America, Hertz Equipment Rental Corporation.

    "In essence, our Equipment Assurance program provides extra peace of mind when buying used equipment if the unexpected occurs or parts need replacing."

    Some of the major benefits of the Equipment Assurance program are:

    • Coverage begins on first day of ownership (extended service plan must be purchased within two days of the equipment purchase)
    • Multiple levels of coverage and terms for trucks and equipment
    • Fast, quality service
    • Nationwide network of authorized repair facilities

    Equipment Assurance joins the company’s HERC Ready Finance suite of "one stop shopping" solutions for equipment purchasing, leasing and financing.

    To obtain a quote or to learn more about Equipment Assurance, customers can contact their local sales representative. Equipment Assurance is available to commercial customers only.

    The used equipment for sale from HERC includes earthmoving, aerial, material handling, air compressors, compaction, power generation and trucks. Equipment for sale can be viewed online at www.hertzequip.com. The company also recently opened its first HERC Equipment Sales location in Orlando, Fla., a facility completely dedicated to the sale of used equipment.

    About Hertz Equipment Rental Corporation
    Hertz Equipment Rental Corporation (www.hertzequip.com) – a wholly owned subsidiary of The Hertz Corporation since 1965 – operates one of the world’s largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers programs and equipment through its customer programs for Aerial, Energy, Entertainment, Government, HERC360 Fleet Management, Industrial Plants, National Accounts and Safety. With approximately 350 locations in the United States, Canada, China, France, Spain, and Saudi Arabia as well as through international licensees, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

    About Warrantech
    Warrantech provides innovative extended service plans (ESPs) and warranty programs for retailers, dealers, distributors, and manufacturers in numerous consumer and automotive markets. Our company is focused on customer success through product innovation and unparalleled service excellence. Each of our products is developed with the customer in mind, to increase profitability, enhance market differentiation, and build long-term relationships.

    Warrantech is a subsidiary of AmTrust Financial Services, a multinational property and casualty holding company that is rated "A" (Excellent) by A.M. Best Company for their financial strength and stability. An innovative, technology-driven company, AmTrust brings its financial strength to Warrantech, enabling it to offer a unique, bundled approach that includes both underwriting and administration. This creates complete transparency and visibility to information that enables customers to change and create plans that are both highly customized and profitable.

    CONTACTS:

    Lisa Farrar, Hertz Equipment Rental

    lfarrar@hertz.com

    (239) 948-4314

    Zoe White, The Hertz Corporation

    zoewhite@hertz.com

    Logo – http://photos.prnewswire.com/prnh/20130620/NY35609LOGO

    SOURCE The Hertz Corporation

    Related Links

    http://www.hertz.com

  • Hertz Guatemala Celebrates Its 50th Anniversary Inaugurating New Sustainable Headquarters
The first international car rental firm to be established in the country receives the GREAT Green Deal Certification of Sustainable Tourism

    Hertz Guatemala Celebrates Its 50th Anniversary Inaugurating New Sustainable Headquarters The first international car rental firm to be established in the country receives the GREAT Green Deal Certification of Sustainable Tourism

    LONDON, March 26, 2015 /PRNewswire/ — Hertz Guatemala, the second subsidiary of The Hertz Corporation (NYSE: HTZ) to be established in Latin America, celebrates its 50th anniversary while it inaugurates new headquarters. The company’s new sustainable installations, which function as headquarters, customer service office and vehicle service centre, boast state-of-the-art technology and embody Hertz’s commitment to sustainability. Hertz Guatemala is the first and only car rental company in the country to have received The GREAT Green Deal Certification of Sustainable Tourism.

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    Alfred Mora, Director of Franchise Operations in Latin America, Hertz International; Charles A. Rogers, President, Hertz Guatemala and James Rogers, General Manager, Hertz Guatemala, celebrating the anniversary.

    Alfred Mora, Director of Franchise Operations in Latin America, Hertz International; Charles A. Rogers, President, Hertz Guatemala and James Rogers, General Manager, Hertz Guatemala, celebrating the anniversary.

    "Hertz Guatemala’s latest achievements are a testament to the company’s continuous efforts towards innovation and sustainability," said Michel Taride, Group President, Hertz International. "We are glad to celebrate 50 years of strong presence in Guatemala, one of the first Latin American countries Hertz has operated in and where it currently holds a leading position. Hertz Guatemala’s growth during the last few years ensures travelers and local citizens alike the high level car rental service they expect from a global brand."

    Charles A. Rogers, President, Hertz Guatemala said: "We feel extremely proud of celebrating Hertz Guatemala’s 50 years of genuine commitment for excellence. The inauguration of our new headquarters, as well as the tourism sustainability certification of GREAT Green Deal recently achieved, are important milestones that commit us to continue to provide our customer with the best car rental experience. The commitment to our customers of maintaining our standards is ensured through our high performance team and state-of-the-art management system."

    Hertz Guatemala’s new installations are equipped to capturing rainwater for company uses and recycling water for vehicle cleaning, while all its electric appliances are certified to be energy efficient. The GREAT Green Deal Certification achieved by Hertz Guatemala "demonstrates to third parties that Hertz commitment and practices are real and concrete," said Carmen Rosa Perez, Executive Director of GREAT Green Deal Guatemala.

    Hertz Guatemala offers a wide range of products and services for both corporate and leisure customers, including a varied fleet of modern vehicles, chauffeur service, GPS and VIP Service. The company’s fleet includes mini, economy, compact, mid-size, full-size, medium SUV, large SUV, 4×4 SUV, luxury SUV, vans, 4×4 pickup truck and cargo trucks.

    Established in Guatemala City Airport 50 years ago, Hertz Guatemala currently features 10 locations across Guatemala City, Antigua Guatemala and Flores in Peten (Tikal).

    ABOUT HERTZ
    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    Photo – http://photos.prnewswire.com/prnh/20150324/194156

    SOURCE The Hertz Corporation

    Related Links

    http://www.hertz.com

  • Frese Joins Hertz To Lead Fleet And Procurement
Thomas Frese joins Hertz from McKinsey & Company with 14 years of experience leading operational, purchasing and strategic transformations

    Frese Joins Hertz To Lead Fleet And Procurement Thomas Frese joins Hertz from McKinsey & Company with 14 years of experience leading operational, purchasing and strategic transformations

    ESTERO, Fla., March 25, 2015 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or "the Company") today announced that Thomas Frese has been appointed Senior Vice President, Fleet and Procurement effective March 23, 2015. Mr. Frese reports to Tom Kennedy, Senior Executive Vice President and Chief Financial Officer.

    Mr. Frese, who is responsible for the company’s fleet operations and purchasing functions, had been with McKinsey & Company in the Chicago office for 14 years, the last seven years as a Principal and leader in the firm’s North American Operations and Purchasing Practice. He has extensive experience driving performance transformation across operations, purchasing and strategy in the travel, transportation and automotive industries. Additionally, Mr. Frese led McKinsey’s recruiting programs for the Chicago office. He holds a Ph.D. in Electrical Engineering from Purdue University and a degree in Electrical Engineering from Ruhr-Universitat Bochum, Germany.

    Tom Kennedy said, "We are pleased that Tom Frese has joined the Hertz team. He brings us vast experience across a wide range of industries designing and helping McKinsey clients successfully execute efficiency, purchasing, operational and strategic initiatives which have saved billions of dollars and created sustainable competitive advantages. Tom will help Hertz transform key areas of the business to generate significant, incremental shareholder and customer value."

    ABOUT HERTZ
    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: http://www.hertz.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
    Certain statements contained in this release, and in related comments by the Company’s management, include "forward-looking statements." Forward-looking statements include information concerning the Company’s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "expect," "project," "potential," "preliminary," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on SEC Forms 10-K, 10-Q and 8-K. Some important factors that could affect the Company’s actual results include, among others, the thorough review of the Company’s internal financial records that is being conducted, additional time that may be required to complete the review, the ability of the Company to remediate any material weakness in its internal control over financial reporting, the ability of the Company’s lenders to exercise any remedies under the Company’s indebtedness, the final results of the SEC’s inquiry or any other governmental inquiries or investigations and those that may be disclosed from time to time in subsequent reports filed with the SEC and those described under "Risk Factors" set forth in Item 1A of the annual report on Form 10-K/A for the year ended December 31, 2013 of the Company. You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    SOURCE Hertz Global Holdings, Inc.

    Related Links

    http://www.hertz.com

  • Hertz Provides Update On New York Stock Exchange Listing

    Hertz Provides Update On New York Stock Exchange Listing

    ESTERO, Fla., March 24, 2015 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or the "Company") today announced that on March 18, 2015 it received a notice from the New York Stock Exchange (the "NYSE") notifying the Company of its failure to meet a NYSE listing standard resulting from the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the "2014 Form 10-K"), as provided by Rule 802.01E of the NYSE Listed Company Manual.

    As previously disclosed, the Company was unable to timely file its 2014 Form 10-K with the Securities and Exchange Commission (the "SEC") because of the ongoing nature of the Company’s previously announced thorough review and investigation of its internal financial records for fiscal years 2011, 2012 and 2013. As a result of the ongoing nature of this review and its potential impact on the Company’s 2014 financial results, the Company was unable to file the 2014 Form 10-K by the extended due date of March 17, 2015. The financial review and investigation by the Company is ongoing. Hertz continues to expect that it will not be able to file updated financial statements, including the 2014 Form 10-K, before mid-2015, and there can be no assurance that the process will be completed by that time.

    The Company has until September 17, 2015 to cure the filing delinquency associated with its failure to file the 2014 Form 10-K. The NYSE may, in its discretion, extend the initial cure period for up to six months after September 17, 2015. Subject to the NYSE’s ongoing oversight and review, the Company can regain compliance during the cure period by filing its 2014 Form 10-K and subsequent Form 10-Qs (the "SEC Filings") with the SEC. If the Company fails to file its SEC Filings by the expiration of any applicable cure period, the NYSE may commence proceedings to delist the Company’s common stock. The Company believes that it will continue to be listed on the NYSE, but there can be no assurance that the Company will be able to file the SEC Filings within the initial cure period or any extended cure period. In addition, the NYSE maintains the ability to commence delisting procedures at any time during the cure period, but as of today we do not believe the NYSE will do so.

    About Hertz

    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation ("HERC"), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    Cautionary Note Concerning Forward Looking Statements

    Certain statements contained in this release, and in related comments by the Company’s management, include "forward-looking statements." Forward-looking statements include information concerning the Company’s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "becoming," "expect," "project," "potential," "preliminary," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on SEC Forms 10-K, 10-Q and 8-K. Some important factors that could affect the Company’s actual results include, among others, the thorough review of the Company’s internal financial records that is being conducted, additional time that may be required to complete the review, the ability of the Company to remediate any material weakness in its internal control over financial reporting, the ability of the Company’s lenders to exercise any remedies under the Company’s indebtedness, the final results of the SEC’s inquiry or any other governmental inquiries or investigations, and those that may be disclosed from time to time in subsequent reports filed with the SEC and those described under "Risk Factors" set forth in Item 1A of the annual report on Form 10-K/A for the year ended December 31, 2013 of the Company. You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    SOURCE Hertz Global Holdings, Inc.

    Related Links

    http://www.hertz.com

  • Hertz Appoints Two Revenue Management Leaders
Scot Hornick to oversee pricing and revenue management, has extensive RM experience over a 26 year career focused on travel, transportation and other industries
Charles Vuono will lead revenue strategy, planning, forecasting and analytics, has 15 years of experience leading Revenue Management, Planning and Strategy functions

    Hertz Appoints Two Revenue Management Leaders Scot Hornick to oversee pricing and revenue management, has extensive RM experience over a 26 year career focused on travel, transportation and other industries Charles Vuono will lead revenue strategy, planning, forecasting and analytics, has 15 years of experience leading Revenue Management, Planning and Strategy functions

    ESTERO, Fla., March 23, 2015 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or "the Company") today announced that Scot Hornick has been appointed Executive Vice President, Revenue Management, effective April 6, 2015 and Charles Vuono has been appointed Vice President, Revenue Management, effective March 30, 2015. Mr.Hornick will report to Jeffrey Foland, Senior Executive Vice President and Chief Revenue Officer, and Mr. Vuono will report to Mr. Hornick.

    Scot Hornick, who will be responsible for pricing and revenue management, has worked for the past 11 years as a partner leading the Customer Management & Pricing practice at Oliver Wyman. At Oliver Wyman, and in the 15 years prior to joining the firm, Scot worked with a wide variety of clients in the travel, transportation and other sectors to improve their pricing and revenue management practices. Mr. Vuono, who will be responsible for revenue strategy, planning, forecasting and analytics, has 15 years of experience at United Airlines in various roles in Network Planning and Revenue Management, and most recently served as Managing Director of Revenue Strategy. Both Mr. Hornick and Mr. Vuono hold Ph.D. degrees, Mr. Hornick from the University of Illinois in Electrical and Computer Engineering, and Mr. Vuono from Duke University in Mathematics.

    Jeffrey Foland said, "We are pleased to welcome Scot Hornick and Charles Vuono, two highly experienced revenue management leaders, to the Hertz team. Each brings a depth of experience and knowledge in complementary revenue management areas that will be critical to the sustained success of our commercial strategies."

    ABOUT HERTZ
    Hertz operates the Hertz, Dollar, Thrifty and Firefly car rental brands in more than 10,800 corporate and licensee locations throughout 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 350 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
    Certain statements contained in this release, and in related comments by the Company’s management, include "forward-looking statements." Forward-looking statements include information concerning the Company’s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "expect," "project," "potential," "preliminary," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on SEC Forms 10-K, 10-Q and 8-K. Some important factors that could affect the Company’s actual results include, among others, the thorough review of the Company’s internal financial records that is being conducted, additional time that may be required to complete the review, the ability of the Company to remediate any material weakness in its internal control over financial reporting, the ability of the Company’s lenders to exercise any remedies under the Company’s indebtedness, the final results of the SEC’s inquiry or any other governmental inquiries or investigations and those that may be disclosed from time to time in subsequent reports filed with the SEC and those described under "Risk Factors" set forth in Item 1A of the annual report on Form 10-K/A for the year ended December 31, 2013 of the Company. You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    SOURCE Hertz Global Holdings, Inc.

    Related Links

    http://www.hertz.com