NAPLES, Fla., Oct. 28, 2014 /PRNewswire/ — Hertz Equipment Rental Corporation (HERC), a wholly owned subsidiary of The Hertz Corporation (NYSE: HTZ), has launched a new heavy industrial equipment rental facility in Joplin, Missouri. The HERC Joplin branch serves the construction and commercial markets in the Four State area, the region where the states of Missouri, Kansas, Oklahoma and Arkansas meet.
"Hertz Equipment Rental set up temporary facilities in Joplin two years ago as an extension of our Springfield, MO operations to support the city’s ongoing redevelopment efforts following the devastating tornado of May 2011," said Brian MacDonald, Interim Chief Executive Officer of Hertz. "We have provided the rental of heavy industrial equipment to assist with the rebuilding of many business facilities and houses."
"We are honored to open a permanent location in Joplin to continue serving the community’s rebuilding initiatives as well as provide support to the surrounding areas in Oklahoma, Kansas and Arkansas," MacDonald added. "The new Joplin branch also joins a network of neighboring Hertz Equipment Rental operations including Springfield, Missouri and Springdale, Arkansas."
The HERC Joplin location provides a wide range of industrial and commercial fleet for rent or sale including aerial, compaction and paving, earth moving, heaters, power generators, forklifts and other material handling equipment and safety supplies.
Hertz equipment is purchased from the industry’s leading manufacturers and is available for daily, weekly, monthly and long-term rentals. There are also rent-to-own and rental purchase option plans available for the new and used equipment for sale.
The Joplin, MO branch employs highly trained staff fully dedicated to providing customers a premier rental experience. The branch is located at 2315 E 7th St, Joplin, MO, 64801. Its hours of operation are 7:00am – 5:00pm Monday – Friday. Local staff can be reached at telephone number (417) 659-8771.
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 360 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 The Hertz Corporation The Hertz Corporation operates the Hertz, Dollar, Thrifty and Firefly car rental brands in approximately more than 11,500 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 number one airport car rental brand in the U.S. and has a presence at 130 airports across Europe. 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. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation. For more information about Hertz, visit: www.hertz.com.
LONDON, Oct. 21, 2014 /PRNewswire/ — Nissan Motor Company has chosen The Hertz Corporation (NYSE: HTZ), the world’s leading general use car rental brand, to become its exclusive mobility partner. The partnership comes after Nissan was named the new official global automotive sponsor of the UEFA Champions League, UEFA Super Cup and related events.
As part of this partnership, Hertz will provide logistical support to help Nissan, the official global automotive sponsor of the tournament, transport executives and officials to and from match stadiums and facilitate related pick-ups.
The agreement means Hertz will supply Nissan with use of the all new Nissan Qashqai 5-seater and the New Nissan X-Trail 5-seater and 7-seater. With approximately 11,555 corporate and licensee locations across 145 countries, dedicated local points of contact and a specific booking hub, Hertz is ideally placed to offer Nissan a service of unparalleled speed and convenience.
Michel Taride, Group President, Hertz International, said: "Hertz’s reputation as a mobility solutions provider has been built on streamlined packages for major sporting events such as The Wimbledon Lawn Tennis Championships for 20 years and the Rugby World Cup in 2013. We are naturally delighted to support a winning Nissan team. We look forward to an action-packed season of football over which we will support Nissan in providing a comprehensive mobility package."
The partnership with Nissan kicked off in Cardiff on August 12th with the UEFA Super Cup, for which over 70 vehicles were needed. Hertz also supported Nissan in the coordination of executive and VIP transport to the official UEFA Champions League group stage draw on August 28th.
Nissan will be using 4 Hertz vehicles per UEFA Champions League group game, while the final in Berlin on June 6, and other related events will require between 20-160 vehicles. Nissan and Hertz have estimated that a league-topping 400 vehicles will be used throughout the 2014-2015 season alone.
About Hertz
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 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 brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe.
Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the company’s Adrenaline, Dream, Family, Fun, Green and Prestige Collections also 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 a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at www.abouthertz.com.
About Nissan Motor Co. Nissan Motor Co., Ltd., Japan’s second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with more than 244,500 employees globally, Nissan sold almost 5.2 million vehicles and generated revenue of 10.5 trillion yen (USD 105 billion) in fiscal 2013. Nissan delivers a comprehensive range of more than 60 models under the Nissan, Infiniti and Datsun brands. In 2010, Nissan introduced the Nissan LEAF, and continues to lead in zero-emission mobility. The LEAF, the first mass-market, pure-electric vehicle launched globally, is now the best-selling EV in history with almost 50% share of the zero-emission vehicle segment.
For more information on our products, services and commitment to sustainable mobility, visit our website at http://www.nissan-global.com/EN/
About Nissan in Europe
Nissan has one of the most comprehensive European presences of any overseas manufacturer, employing more than 14,500 staff across locally-based design, research & development, manufacturing, logistics and sales & marketing operations. Last year Nissan plants in the UK, Spain and Russia produced more than 635,000 vehicles including mini-MPVs, award-winning crossovers, SUVs, commercial vehicles and the Nissan LEAF, the world’s most popular Electric Vehicle with 97% performance satisfaction and 95% of customers willing to recommend the car to friends. Nissan now offers 24 diverse and innovative products for sale in Europe today, and is positioned to become the number one Asian brand in Europe.
NAPLES, Fla., Oct. 15, 2014 /PRNewswire/ — Hertz Equipment Rental Corporation (HERC) a wholly owned subsidiary of The Hertz Corporation (NYSE: HTZ), has announced its launch in Panama City, Panama to deliver specialty equipment rental solutions for the construction, industrial, and government sectors. HERC Panama is operated by Asesoria Especializada RAL S.A, which joined the HERC global franchise network in 2013.
The launch of HERC Panama comes amid significant, ongoing industrial projects in the country, including the Panama Canal expansion, Panama metro line development, and road and highway construction. Additional major projects include the Cold Chain distribution network (farming), airport expansion, distribution, mining, water supply, hospital and housing development and energy services. The Government of Panama’s total investment in these programs and more is variously estimated at $15-20 billion over the next 3-5 years [Source: export.gov/panama].
"This significant launch provides the market with a first class, value-added equipment rental supplier in Panama," said Brian MacDonald, Interim Chief Executive Officer, Hertz. "In addition, it enables Hertz Equipment Rental Corporation to extend its international footprint into one of the fastest growing markets within Latin America."
"Our valued franchise agreement is part of our global strategy to grow our business efficiently through carefully selected partnerships with leading local operators who bring strong market expertise, resources and complementary commercial strategies," MacDonald added.
Regina Arauz de Liakopulos, President, HERC Panama, commented: "We offer a professional service together with one of the newest fleets in the industry to produce the best value proposition for the market. As well as providing the right, state-of-the-art equipment for the job, we provide comprehensive fleet maintenance solutions to free our customers to focus on their core areas of expertise and add value to their bottom line. In addition, we share with HERC a strong commitment to growth, innovation, and customer service."
HERC Panama provides a wide range of industrial and commercial fleet for rent or sale including earthmoving, power, aerial, material handling, electrical, compressed air and compaction machinery. In addition the company offers comprehensive fleet management and industrial plant services.
The HERC equipment is purchased from the industry’s leading manufacturers including Atlas Copco, Bobcat, Genie, JCB, Miller, and Wacker. The broad range available includes backhoes, skid steers, straight mast and articulating manlifts, telehandlers, rollers, pumps, compressors and generators.
The equipment is available for daily, weekly, monthly and long-term rentals. There are also rent-to-own and rental purchase option plans available for the new and used equipment for sale.
HERC Panama is based at 24 de diciembre, Tocumen, Ciudad de Panama, Rep. de Panama. Its hours of operation are Monday-Friday 8 AM to 5 PM and Saturday 8 AM to 12 PM. Local staff can be reached at telephone (507) 302-3072.
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 360 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 The Hertz Corporation Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 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 brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Company’s Adrenaline, Dream, Family, Fun, Green and Prestige Collections also 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 a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at: www.abouthertz.com.
LONDON, Oct. 7, 2014 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s leading general use car rental brand, has announced that Hertz Portugal in partnership with the golf clubs rental company MyCaddyMaster is offering a combined car and golf equipment rental package, which is an industry first.
This ground-breaking service will enable Hertz customers to make the most of their golfing break, without the worry of any additional baggage fees or lost luggage.
Hertz Portugal has launched a unique combined car and golf equipment rental package in partnership with MyCaddyMaster (PRNewsFoto/The Hertz Corporation)
Teeing off a golf holiday has never been simpler. The service allows golfers to order top quality clubs online and find them waiting in the boot of their hire car the moment they arrive at Portugal’s Lisbon and Faro airports. At the end of their golf break, customers can conveniently drop off their golf bag and car at the same place before flying home, without any of the hassle of carrying heavy bags during their journey.
The partnership was inspired by the surge in popularity of golf holidays, with around 1.3 million European players now making regular trips abroad to enjoy their favourite sport. With airlines now charging around £60 in luggage fees to transport a set of golf clubs and around 25 million pieces of luggage being lost or stolen each year, the demand for equipment hire while on holiday is greater than ever before.
The service also ensures that customers are not left struggling to cram their luggage into a car that is too small. The MyCaddyMaster website will pre-select Hertz cars at the best price and with boots large enough to accommodate the equipment that has been booked.
More than 350,000 of the 6 million golf players across Europe descend on Portugal each year, reason why the country has been recently voted the number one golfing destination in the world.
The popularity of the sport has immensely grown in recent years, especially in Britain, which accounts for 30% of Europe’s 4.4 million golfers. Germany and Sweden make up the remainder of the top three, accounting for 14% and 11% respectively. The trend of people travelling abroad to enjoy the sport is underpinned by the fact that more than half (57%) of golfers say they only play while on holiday.
Further information on how to book golf equipment and a Hertz vehicle with Hertz Portugal and MyCaddyMaster available from www.hertz.pt and www.hertz.com/mycaddymaster.
About Hertz
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 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 brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe.
Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the company’s Adrenaline, Dream, Family, Fun, Green and Prestige Collections also 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 a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at www.abouthertz.com.
NAPLES, Fla., Sept. 16, 2014 /PRNewswire/ — Hertz Global Holdings Inc. (NYSE: HTZ) ("Hertz" or "the Company") today announced that it has entered into a definitive agreement with Carl C. Icahn and affiliated entities under which Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi have been appointed to the Hertz Board of Directors as Class II, Class I and Class I directors, respectively. Messrs. Intrieri, Merksamer and Ninivaggi have also been appointed as directors to The Hertz Corporation Board of Directors. Messrs. Intrieri and Merksamer will be members of the five-person search committee, chaired by Independent Non-Executive Chair Linda Fayne Levinson, leading the process to find a permanent Chief Executive Officer of Hertz. As previously announced on September 11, 2014, Hertz had reached an agreement-in-principle with Mr. Icahn.
In addition, Henry C. Wolf, Barry H. Beracha and Philippe P. Laffont have retired from the Board. The Hertz Board now comprises nine independent directors and will expand to ten directors upon the appointment of a permanent Chief Executive Officer.
Linda Fayne Levinson, Independent Non-Executive Chair of the Hertz Board of Directors, said, "We have a talented Board with diverse skills and strong voices, all intent on improving Hertz’s performance and creating value for all shareholders. We welcome Messrs. Intrieri, Merksamer and Ninnivaggi to the Board. We are sure their experience and skill will add value, and we look forward to working with them constructively."
Ms. Levinson continued, "While we welcome our new Board members, we will sorely miss Hank, Barry and Philippe. They are all very talented business leaders who have made valued contributions to the performance of Hertz. On behalf of the whole Board, I would like to thank them for their service."
Carl C. Icahn commented, "This is a great outcome for Hertz and its shareholders and I thank the Hertz Board for taking this important step in putting the Company back on track. Our director designees look forward to working with Linda and the other Board members to identify a permanent CEO. I’m confident our designees will quickly prove their value to the Board and the Company, as they have done on numerous occasions in the past in creating value for all shareholders."
Carl C. Icahn, together with his affiliates, beneficially owns approximately 38.8 million shares of Hertz common stock, which represents approximately 8.48% of Hertz’s outstanding shares. Mr. Icahn has also agreed to vote the shares he controls in support of Hertz’s slate of director nominees at the Company’s 2015 Annual Meeting. Mr. Icahn and his affiliates have also agreed to other customary standstill provisions. In addition, the Company’s shareholder rights plan has been amended to increase the triggering percentage to 20%. The complete agreement with Mr. Icahn will be filed on a Form 8-K with the Securities and Exchange Commission.
About Vincent J. Intrieri
Vincent J. Intrieri has been employed by Icahn-related entities since October 1998 in various investment-related capacities. He currently serves on the boards of Navistar International Corporation, Chesapeake Energy Corporation and Transocean Ltd. Mr. Intrieri received his B.S. in Accounting from The Pennsylvania State University (Erie Campus) and was a certified public accountant.
About Samuel Merksamer
Samuel Merksamer is a Managing Director of Icahn Capital. Mr. Merksamer currently serves on the boards of Hologic, Inc., Navistar International Corporation, Transocean Ltd., Ferrous Resources Limited and Talisman Energy Inc. He is a graduate of Cornell University.
About Daniel A. Ninivaggi
Daniel A. Ninivaggi has served as a director of Icahn Enterprises L.P. and its general partner, Icahn Enterprises G.P., Inc., since March 2012. Mr. Ninivaggi has served as a Co-Chief Executive Officer of Federal-Mogul Corporation, a supplier of automotive powertrain and safety components, since February 2014. Mr. Ninivaggi currently serves on the boards of Icahn Enterprises, Federal-Mogul Corporation and Tropicana Entertainment Inc. Mr. Ninivaggi received a B.A. in History from Columbia University in 1986, a Masters of Business Administration from the University of Chicago in 1988 and a J.D. from Stanford Law School in 1991.
About Hertz
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,465 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 9,985 corporate and franchisee locations in approximately 145 countries. Our Dollar and Thrifty brands have approximately 1,385 corporate and franchisee locations in approximately 75 countries and our Firefly brand has approximately 95 corporate and franchisee locations in 15 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company-operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at approximately 130 major airports in Europe where we have company-operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 335 branches in the United States, Canada, France, Spain, the United Kingdom, China and Saudi Arabia, as well as through our international franchisees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, or "Donlen," based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services. We have a diversified revenue base and a highly variable cost structure and are able to dynamically manage fleet capacity, the most significant determinant of our costs.
Forward Looking Language
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.
NAPLES, Fla., Sept. 15, 2014 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), in partnership with Peter Cooper Village, today announced it will be the preferred car rental company of Peter Cooper Village and Stuyvesant Town (PCVST) in New York City, offering Hertz 24/7 service with its on demand technologies and latest award winning Hertz ExpressRent™ Kiosks to offer the best car rental convenience in the city.
Hertz will provide ExpressRent™ Kiosks in each of the six Peter Cooper Village and Stuyvesant Town’s garages. ExpressRent™ Kiosk agents are available 24 hours a day, giving customers flexibility on when they wish to rent and return their vehicle. One-way rentals to and from New York airports are available from these locations as well, making it easier than ever to go back and forth when traveling in and out of the city.
"We are always looking for ways to help our customers travel at the speed of Hertz with ease and simplicity," said Louis Scarpelli, Hertz Region Vice President. "Partnering with Peter Cooper Village and Stuyvesant Town and offering our latest technologies to its residents, gives them the fast, easy convenience of using the Hertz ExpressRent™ Kiosks and Hertz 24/7 technologies for their travel needs."
Hertz ExpressRent™ Kiosks are the only in the industry equipped with a touchscreen interface and a second screen that allows customers to interact directly with live customer service agents via video to pick up existing rentals. ExpressRent™ Kiosks minimize customer wait times, accept payment with a debit or credit card, validate a customer’s driver’s license, and print the rental agreement, providing customers with a full-service experience that can handle any rental need.
"We’re thrilled to bring this level of service to our residents, so that the next time they’re going on a weekend road trip or need a car to pick up extra groceries, they will be able to pick up a car right at their doorstep at any time of day," said David Sorise, Senior Vice President of CompassRock Real Estate. "Our partnership with Hertz will significantly expand our residents’ travel options."
Hertz 24/7 provides self-service vehicle access to cars conveniently located in your neighborhood, at the airport, or even near the office. Hertz’s hourly car rental service offers a variety of luxury cars, hybrids, electric cars, even vans and trucks for hourly, daily or weekly rentals with fuel and insurance included. It’s as easy as 1) RESERVE your vehicle online or by using the Hertz 24/7 iPhone App, 2) SWIPE your keyfob/card over the reader on the windshield to unlock the doors, and 3) GO – the ignition key is located near the steering wheel and should remain in the vehicle at all times. Hertz’s hourly car rental service is available across the U.S., and in Europe and Australia, and is available 24 hours a day, 7 days a week.
PCVST residents will receive exclusive Hertz benefits, including Hertz Gold Plus Rewards loyalty program, complimentary Hertz 24/7 memberships and car rental discounts, both locally and when traveling outside NYC.
For over 60 years, Peter Cooper Village and Stuyvesant Town (PCVST) has been a residential community within New York, revered for its peaceful seclusion, scenic beauty and wide open outdoor spaces. Spanning from 14th to 23rd Streets and from First Avenue to Avenue C, PCVST encompasses 110 buildings, 11,250 no-fee rental apartments, and is home to approximately 30,000 people.
About Hertz Hertz operates its car rental business through the Hertz, Dollar Rent A Car and Thrifty Car Rental brands from approximately 11,490 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Additionally, The Company operates Firefly, its discount car rental brand, at approximately 45 European and 20 U.S. locations. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Hertz is the number one airport car rental brand in the U.S. and is at approximately 130 major airports in Europe. Dollar and Thrifty have approximately 1,410 corporate and franchisee locations in approximately 75 countries. Hertz is an inaugural member of Travel + Leisure’s World’s Best Awards Hall of Fame and was recently named, for the thirteenth time by the magazine’s readers as the Best Car Rental Agency. Hertz also swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost® and unique cars and SUVs offered through the Company’s Adrenaline, Prestige and Green Traveler Collections also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz 24/7 hourly car rentals. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. For more information about our car rental brands, visit Hertz.com, Dollar.com, Thrifty.com and Fireflycarrental.com. Additionally, read more about Donlen at Donlen.com and Hertz Equipment Rental Corporation at hertzequip.com.
NAPLES, Fla., Sept. 11, 2014 /PRNewswire/ — Hertz (NYSE: HTZ), and Live Nation Entertainment (NYSE: LYV), have once again come together to offer travelers and entertainment fans alike free Ticketmaster Ticket Cash™ when renting a Hertz vehicle. Partners for more than three years, the companies’ newest promotion offers sports, music and theater fans the opportunity to receive free Ticketmaster Ticket Cash™ for an event of their choosing, as well as receive a discount on their Hertz rental when reserved and rented through October 31.
"Hertz promotions with Live Nation offer our customers the opportunity to have an enjoyable experience with a discounted rental while receiving free Ticketmaster Ticket Cash for an event of their choice," said Bob Stuart, Hertz Executive Vice President, Global Sales & Marketing. "Our new promotion is especially exciting because we’ve opened it up to not only music fans, but really any sporting, music or art event available through Ticketmaster."
Through October 31, travelers can reserve a Hertz vehicle and be eligible to receive Ticketmaster Ticket Cash™ to be used towards the next event of their choosing as well as a discount of up to 15% on a Hertz rental vehicle.
To receive this special offer, fans can book their rentals on www.hertz.com using corresponding promotional codes and a valid email address:
Receive 10% off on a Qualified Weekend Rental with Hertz using Promotional Code #203055 for a Weekend Rental of an Economy – Full Size Vehicle AND get $25 Ticketmaster Ticket Cash™!
Receive 10% off on a Qualified Weekly Rental with Hertz using Promotional Code #203070 for a Weekly Rental of a Compact – Full Size Vehicle AND get $50 Ticketmaster Ticket Cash™!
Receive 15% off on a Qualified Rental of 8 days or more with Hertz using Promotional Code #203081 for an Intermediate – Premium Size Vehicle AND get $75 Ticketmaster Ticket Cash™!
*Terms and Conditions apply; visit www.hertz.com for more details.
About Hertz Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 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 brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe.
Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Company’s Adrenaline, Dream, Family, Fun, Green and Prestige Collections also 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 a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at www.abouthertz.com.
NAPLES, Fla., Sept. 11, 2014 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or "the Company") today announced that it has reached an agreement-in-principle with Carl C. Icahn and affiliated entities (collectively, "Icahn") to appoint Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi to the Company’s Board of Directors as new independent directors. In connection with the anticipated director appointments, three existing directors will retire from the Board, effective upon the appointments of the new directors to the Board. In this connection, Icahn has agreed not to run a proxy contest at the Company’s 2015 Annual Meeting of Shareholders and to vote in favor of the Company’s nominees at the Annual Meeting. Two of the new directors will be part of the five-person search committee leading the process to find a permanent Chief Executive Officer of Hertz. Following the contemplated appointments and retirements, Hertz will have a nine-person Board, with the Board expanded to 10 directors upon the appointment of a permanent Chief Executive Officer. Under the agreement-in-principle, the Company’s shareholder rights plan will be amended to increase the triggering percentage to 20% and to implement other changes. The agreement-in-principle remains subject to negotiation and execution of definitive documentation.
Linda Fayne Levinson, Independent Non-Executive Chair of the Hertz Board of Directors, said, "The Hertz Board believes that this outcome is in the best interest of the Company and all Hertz shareholders. This agreement eliminates distraction and ensures that we stay sharply focused on delivering the significant potential of the business. Hertz is the clear leader in the rental car industry, and we will continue to take the necessary actions to fix the business. We look forward to executing on our strategic imperatives to create value for all our shareholders."
Carl C. Icahn commented: "I would like to thank the Hertz Board for acting so expeditiously in agreeing to appoint our three very capable nominees to the Board. Since I believe that the most important person at a company is the CEO, I’m especially happy that two of our three nominees will be on the five-person committee to find a permanent CEO. It should be noted that our three nominees were on the boards and recently involved in identifying and recruiting top CEOs that have been very effective at a number of companies we have made investments in and where all shareholder value has been meaningfully enhanced. I believe Hertz is a great company and a great brand and that the right new CEO will return it to its former glory. We look forward to working with the Hertz Board to create value for all shareholders."
Once the parties execute definitive documentation, details about the agreement and the amendment to the Rights Plan will be filed on Form 8-K with the Securities and Exchange Commission.
About Hertz
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,465 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 9,985 corporate and franchisee locations in approximately 145 countries. Our Dollar and Thrifty brands have approximately 1,385 corporate and franchisee locations in approximately 75 countries and our Firefly brand has approximately 95 corporate and franchisee locations in 15 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company-operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at approximately 130 major airports in Europe where we have company-operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 335 branches in the United States, Canada, France, Spain, the United Kingdom, China and Saudi Arabia, as well as through our international franchisees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, or "Donlen," based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services. We have a diversified revenue base and a highly variable cost structure and are able to dynamically manage fleet capacity, the most significant determinant of our costs.
Forward Looking Language
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.
NAPLES, Fla., Sept. 10, 2014 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), has announced that Christian Cunningham has joined the Hertz Equipment Rental Corporation (HERC) as its Chief Human Resources Officer. The role has been newly created for HERC as Hertz prepares to separate its car and equipment rental businesses into standalone, publicly traded companies as announced in March 2014.
Hertz Equipment Rental Corporation appoints Christian J. Cunningham as Chief Human Resources Officer (PRNewsFoto/The Hertz Corporation)
Mr. Cunningham has significant, senior-level experience in the Initial Public Offering (IPO) process, talent acquisition, board liaison, performance management and governance matters. He also brings international and field leadership experience along with a prior operational background with P&L responsibility. He joins HERC from DFC Global Corporation where he served as Vice President, Corporate HR and HR Services since June 2013 with global responsibility for all human resource matters for corporate staff.
Previously Mr. Cunningham held the position of Vice President, HR, Compensation and Benefits at Sunoco Inc. and Sunoco Logistics from 2010 to 2013. He was a member of the senior leadership team involved in transforming the company through several large transactions, including an IPO and establishment of a joint venture with a private equity firm.
"Chris is a superb addition to the Hertz Equipment Rental Corporation senior leadership team. His experience in supporting a major IPO and spin off process in addition to his expertise in leading sophisticated corporate and field human resource programs will be invaluable for HERC," said Brian MacDonald, Interim Chief Executive Officer, Hertz.
"Chris’ proven ability to build and lead effective teams in complex, multi-cultural environments will also be immensely useful to HERC as the company continues to expand its world-wide presence and diversify into new markets. As HERC continues its progress towards the anticipated separation from Hertz, the equipment rental provider is building on a strong foundation and is well positioned for long-term growth," he added.
Prior to Sunoco, Mr. Cunningham served at ARAMARK as Vice President, Global Compensation and Strategy (2008 to 2010); at Scholastic Inc. as Vice President, Compensation, Benefits and HRIS (2006 – 2007); and at Pep Boys as Assistant Vice President, Human Resources (2005 – 2006). Previously Mr. Cunningham held director and regional managerial positions, in roles with increasing levels of responsibility at Pep Boys (1995 – 2005) and Tire Service Corporation, Inc (1985 – 1995).
Mr. Cunningham earned his Master of Business Administration from the Wharton School, University of Pennsylvania, and a Bachelor of Arts degree in Behavioral Science and Psychology from the same university.
Notes to Editors
On March 18, 2014, The Hertz Corporation announced that its board of directors approved plans to separate into two independent, publicly traded companies. The two companies will be "Hertz," comprised of the Hertz, Dollar, Thrifty and Firefly rental car businesses as well as Donlen, a provider of fleet leasing and management services, and a new equipment rental company, operating today as the Hertz Equipment Rental Corporation. The separation is planned to be in the form of a tax-free spin-off to Hertz shareholders, and the Company has received a Private Letter Ruling from the Internal Revenue Service that allows Hertz to separate the businesses in a tax-efficient manner.
Certain statements contained in this report, 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 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 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.
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 360 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 Hertz
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 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 brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe.
Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Company’s Adrenaline, Dream, Family, Fun, Green and Prestige Collections also 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 a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at www.abouthertz.com.
NAPLES, Fla., Sept. 8, 2014 /PRNewswire/ — Hertz (NYSE: HTZ) and Navigation Solutions today announced the launch of the next generation Hertz NeverLost® GPS navigation system across the U.S. The award-winning in-vehicle system now offers even more customization capabilities for travelers along with new, breakthrough navigation tools for ease, convenience and personalization when planning trips. The new system syncs directly with the recently launched Hertz NeverLost® Companion app, giving travelers access to more than 10 million U.S. destinations on their mobile devices to plan trips at their leisure, then instantly begin navigation in their Hertz rental.
Hertz and Navigation Solutions launch next generation Hertz NeverLost(R) GPS system. (PRNewsFoto/The Hertz Corporation)
"Our innovation goes beyond a typical navigation device, offering hands-free calls and instant Bluetooth connection, personal and customizable rental information, exploratory travel guides, weather, flight information, and even access to a concierge to provide the traveler with an enhanced rental experience," said Mark P. Frissora, Hertz Chairman and CEO. "With the latest Hertz NeverLost, customers can experience a new way of trip planning and navigation with a one-of-a-kind travel tool that allows them to see more, do more and discover more."
Hertz NeverLost® is available to rent along with a Hertz vehicle and offers groundbreaking features for rental GPS systems within the car rental industry, including:
Hands-Free Calls – For ease and safety on the road, pair with a smartphone to make and receive calls and access contacts. Phone numbers for points of interest within the device can also be dialed.
Travel Guide – Explore the city and discover local events. Quickly search through thousands of points of interest and get even more out of the trip with accompanying audio, images and descriptions.
Weather, Flights & More – Discover special events and local attractions and get access to weather and flight information.
NeverLost Concierge – Live concierge operators are available to help search for destinations, build custom trips and send route information directly to the NeverLost system.
Companion App – Stay connected with the NeverLost Companion app to sync favorites, explore the area and search for destinations from any location.
My Favorites – Enter download codes or use the USB flash drive to access trips built on NeverLost.com, the Companion app, or excursions built by the NeverLost Concierge team.
Contact Hertz – The device is programmed with all necessary Hertz phone numbers. And with hands-free calling, Hertz can be contacted with a paired smartphone with the press of a button.
Rental Record Info – View current rental record information on the device.
"We’re thrilled to be rolling out the newest version of Hertz NeverLost across the U.S. to offer travelers a sophisticated, yet easy-to-use navigation tool when renting with Hertz," said Rob Moore, Hertz Chief Technology Officer. "With the instantaneous connection to our new Companion app, the NeverLost system has become a first-of-its-kind within the travel industry, shaping the wave of the future for navigation technology."
To learn more about the new generation of Hertz NeverLost®, visit www.NeverLost.com.
About Hertz Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in about 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 brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. Dollar and Thrifty have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe.
Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Company’s Adrenaline, Dream, Family, Fun, Green and Prestige Collections also 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 a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services. More information about the company can be found at www.abouthertz.com.
About Navigation Solutions Navigation Solutions, a Plano, TX company, is a wholly-owned subsidiary of The Hertz Corporation and is the developer of the award winning Hertz NeverLost® travel service. The suite of services includes the well-known in-car navigation system, as well as Online Trip Planning at NeverLost.com, free concierge-style product support at 1-800-823-2547, and the Companion smartphone mobile application. Hertz NeverLost® curates custom content that can be shared wirelessly between platforms via the cloud.
