Recent events
Recent events tied to this brand in public sources.
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2026
Oro Mobility secures $80 million strategic equity investment
Hertz announced that Oro Mobility secured an $80 million strategic equity investment from a consortium of investors, including Cohen Private Ventures and funds or accounts affiliated with Certares Opportunities and Knighthead Capital Management. Hertz will retain majority economic ownership of Oro and support it as a fleet and corporate services partner.
2022
Hertz and UFODRIVE announce partnership and investment
Hertz announced an investment in UFODRIVE and a partnership to pilot ways to use UFODRIVE's digital platforms for rental and fleet management. Hertz and Certares co-led UFODRIVE's $19 million Series A financing round, alongside Knighthead Capital and existing shareholders.
2021
Hertz prices $1.5 billion private notes offering
Hertz Global Holdings announced that its wholly-owned indirect subsidiary, The Hertz Corporation, entered into an agreement to sell $1.5 billion in senior notes in a private offering. The offering was expected to close on or about November 23, 2021, subject to customary closing conditions.
2021
Customers pursue claims against Hertz over stolen-car reports
A lawsuit involving 165 plaintiffs was being heard in bankruptcy court. Customers alleged that Hertz reported their legitimate rental cars stolen, leading to arrests; the article says the claims were filed before Hertz's bankruptcy.
2021
Uber and Hertz announce Tesla rentals for U.S. drivers
Uber announced a partnership with Hertz to offer Tesla vehicles as a rental option for Uber ride-hail drivers in the United States. Rentals were planned to begin in four cities on November 1, with the program later expanding nationwide; the companies said they would offer 50,000 vehicles by 2023.
2021
Hertz and Carvana announce used-car sales partnership
Hertz announced a partnership with online used-car dealer Carvana under which Hertz would sell vehicles from its rental fleet directly to consumers through Carvana's sales channels, reducing its reliance on mass auctions.
2021
Hertz Gold Plus Rewards wins Loyalty360 award
Hertz Gold Plus Rewards won Platinum in Customer Loyalty Innovation at the 2021 Loyalty360 Awards.
2021
Hertz files IPO paperwork
Hertz filed paperwork with the Securities and Exchange Commission for an initial public offering.
2021
Uber announces Valet car-rental feature
Uber announced its Valet feature, which lets users book rental vehicles from providers through the Uber app and have them delivered to and picked up from their homes. The service was planned to launch in Washington, D.C., in May.
2021
Hertz sells substantially all Donlen business assets to Athene
Hertz Global sold substantially all assets of its Donlen vehicle leasing and fleet management business to Athene Holding Ltd. on March 30, 2021, for $891 million in cash proceeds, subject to certain adjustments.
2021
Herbert Alford files lawsuit against Hertz over delayed receipt
Herbert Alford filed a lawsuit against Hertz, alleging that the company failed to produce in a timely manner a receipt that could have proved his innocence in a murder case. He is seeking financial compensation.
2020
Hertz announces agreement to sell Donlen to Athene
Hertz Global Holdings announced that it had entered into a stock and asset purchase agreement to sell substantially all of Donlen's assets to Athene, subject to Bankruptcy Court approval and a court-supervised sales process. The sale was proposed, not completed.
2020
Hertz secures $4 billion fleet-financing commitments
Hertz Global Holdings secured commitments totaling $4 billion for fleet financing and filed a motion seeking bankruptcy court approval for The Hertz Corporation to enter the financing documentation. The financing remained subject to court approval and customary conditions.
2020
Hertz Global reports second-quarter 2020 financial results
Hertz Global Holdings reported second-quarter 2020 results, including revenue of $832 million, a net loss attributable to the company of $847 million, and liquidity of $1.4 billion at quarter-end.
2020
Hertz and certain North American subsidiaries file for Chapter 11 reorganization
Hertz Global Holdings announced that it and certain U.S. and Canadian subsidiaries filed voluntary petitions for reorganization under Chapter 11. Hertz said its international operating regions, including Europe, Australia and New Zealand, and its franchised locations were not included in the U.S. proceedings.
2020
Hertz lays off or furloughs 20,000 employees
Hertz had laid off or furloughed 20,000 employees, half of its workforce, by the time of the report.
2020
Hertz files for Chapter 11 bankruptcy
Hertz Global Holdings filed for Chapter 11 bankruptcy in Delaware after travel restrictions and the economic downturn sharply reduced demand for its vehicles. The filing allows the company to continue operating while it develops a plan for creditors and a business turnaround.
2020
Hertz appoints Paul Stone as CEO
Hertz Global Holdings appointed Paul Stone as chief executive officer, replacing Kathryn Marinello, who would remain with the company in a consulting position for up to one year.
2018
Hertz and Chailease launch Taiwan referral partnership
Hertz International Limited launched a referral partnership with Chailease Auto Rental Co. to provide access to each company’s rental services for customers travelling to Taiwan and outbound from Taiwan.