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Hertz Global Holdings Inc

  • Thursday, 20 June, 2024
    Lex
    Private equity swerves to avoid another costly Hertz bankruptcy Premium content

    Fresh cash will buy some breathing room but the costs involved will soak up much of any subsequent value creation

    A Hertz rental car location in Berkeley, California
  • Wednesday, 20 March, 2024
    How Hertz’s bets on Tesla and a Goldman veteran veered off course

    Private equity-backed car rental group is struggling as US drivers shun electric vehicles

    A Hertz Tesla electric vehicle
  • Wednesday, 20 March, 2024
    Due Diligence
    How buying Teslas hurt Hertz Premium content

    Plus, Unilever’s love for ice cream melts and European investment bank bonuses drop more than US

    Due diligence logo
  • Monday, 5 February, 2024
    Polestar
    Hertz pauses plans to buy electric vehicles from Polestar this year

    Decision by car rental group comes as resale value of EVs has collapsed

    A Polestar electric car on display
  • Thursday, 30 November, 2023
    Inside BusinessSujeet Indap
    Hertz and Carvana: what their diverging fortunes tell us

    Valuation of the companies surged during the pandemic as used-car prices soared, but have now taken different paths

    Carvana car vending machine
  • Monday, 4 April, 2022
    Electric vehicles
    Polestar to sell 65,000 electric cars to Hertz in $3bn deal

    Rental group strikes five-year agreement to boost battery fleet after signing similar deal with Tesla

    A Polestar 2 electric model car
  • Wednesday, 9 February, 2022
    News in-depthAutomobiles2 min
    How Hertz bounced back from bankruptcy

    The car rental group has staged a remarkable recovery after a bankruptcy like no other

  • Friday, 4 February, 2022
    Ex-Goldman CFO in line for $250mn pay boost as Hertz chief if shares surge

    Car rental group appoints Stephen Scherr as it attempts to transform itself following bankruptcy and restructuring

    Stephen Scherr
  • Thursday, 13 January, 2022
    LexAutomobiles
    Holiday car hire: sharing economy unprofitable for peer-to-peer groups Premium content

    Rental shortage should be a boost for companies that connect drivers with vehicle owners but they are struggling to make a profit

    A red car is driven to a Turo customer
  • Friday, 31 December, 2021
    News in-depth
    Hertz rebirth delivers $3bn windfall to two bold backers

    Certares and Knighthead reap huge rewards after driving car hire group’s exit from bankruptcy

    A sign hangs in the window of a Hertz rental car office
  • Friday, 12 November, 2021
    News in-depthElectric vehicles
    US rental fleets gain cachet as carmakers pursue electric vehicles

    Tesla deliveries to Hertz signal change for markets that long absorbed unpopular models

  • Tuesday, 2 November, 2021
    Tesla Inc
    Tesla’s rally stalls as Elon Musk questions Hertz deal

    Electric car chief insists ‘no contract’ for rental car order but Hertz says deliveries have begun

    Elon Musk
  • Monday, 25 October, 2021
    LexTesla Inc
    Hertz/Tesla: 100,000 reasons why both groups are cruising Premium content

    Rental car company has just $1.2bn in corporate debt and another $1.5bn in preferred stock

    Logo of car rental company Hertz
  • Monday, 25 October, 2021
    Electric vehicles
    Tesla/Hertz: supercharged

    How to regain relevance as a meme stock.

  • Thursday, 16 September, 2021
    LexAutomobiles
    Car rental: bumps, blind corners and hairpin turns Premium content

    Reduced supply of vehicles and pent-up demand have turbocharged the sector’s profitability

    A Europcar parking area in France
  • Sunday, 13 June, 2021
    The Big Read
    The rebirth of Hertz: vaccines, meme stocks and Wall Street’s crazy year

    The inside story of how optimism about post-pandemic travel inspired a bidding war for the bankrupt car rental company

  • Thursday, 13 May, 2021
    Lex
    Hertz: warrants allow shareholders to keep their gamble Premium content

    Group’s current public stockholders will get a package worth $7.36 for each share

    Hertz signs in a parking lot
  • Wednesday, 12 May, 2021
    Hertz shareholders win big in bankruptcy auction

    Equity holders set to recover millions in winning bid from private equity consortium including Apollo Global Management

  • Sunday, 9 May, 2021
    Fevered bidding for bankrupt Hertz reaches courtroom auction

    Battle for car rental company comes as travel and leisure industries recover from pandemic

  • Monday, 19 April, 2021
    Inside BusinessSujeet Indap
    Robinhood traders might have had a point on Hertz

    Car rental company’s value rises as bidding war breaks out during restructuring

    Hertz Global Holdings
  • Saturday, 3 April, 2021
    Hertz puts new private equity group in driver’s seat

    Hopes of a recovery in global travel set off a bidding war for bankrupt American car rental group

  • Thursday, 11 March, 2021
    Lex
    Hertz: bankruptcy to create Wall Street winners Premium content

    All creditors of car rental mainstay are getting close to being made whole

    The key element of the Hertz restructuring plan is an equity infusion of $4.2bn led by two investment firms, Knighthead Capital and Certares
  • Tuesday, 2 March, 2021
    Hertz receives $4.2bn rescue offer in effort to exit bankruptcy

    Investment firms hope to revive fortunes of car rental company battered by pandemic

    A passenger wearing a protective mask passes in front of a Hertz counter at the almost empty Benito Juarez international airport in Mexico in June last year
  • Monday, 25 January, 2021
    Inside BusinessSujeet Indap
    One way to reform the Chapter 11 bankruptcy process

    Hertz and AMC experiences highlight scope for change in US system

  • Wednesday, 5 August, 2020
    Due Diligence
    The line between private equity and plundering Premium content

    The debt burden piled on breakdown company AA has cast a cloud over its future success

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