Rental car company Hertz announced a proposed offering of $100 million of common stock and $300 million of exchangeable senior first-lien secured payment-in-kind (PIK) notes Wednesday (June...
Hertz Car Sales is teaming with eBay to expand its digital retail footprint. The collaboration, announced by the auto rental giant Wednesday (May 6), involves the launch of a...
Hertz plans to expand beyond its car rental business and serve “the next era of mobility” with a new affiliated operating company that will provide fleet...
Hertz is turning to Amazon to expand its used cars business. Hertz Car Sales announced in a Wednesday (Aug. 20) news release that it had joined Amazon Autos, letting...
Pershing Square CEO Bill Ackman — who disclosed in a Thursday (April 17) post on X that the firm owns a 19.8% stake Hertz — said in the post...
Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022,...
Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that...
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original...