Who owns Hertz Rental Company?
The Hertz Corporation, better known as Hertz Rental Company, is actually owned by a group of investors. In 2021, Hertz emerged from bankruptcy under new ownership after a restructuring deal. The ownership group includes Knighthead Capital Management LLC, Certares Opportunities LLC, and Apollo Global Management Inc.
FAQs about Hertz Rental Company:
1. Is Hertz Rental Company a publicly traded company?
No, Hertz is not a publicly traded company. It is currently owned by a group of investors.
2. Who founded Hertz Rental Company?
Hertz Rental Company was founded by Walter L. Jacobs in 1918 in Chicago, Illinois.
3. How did Hertz Rental Company end up in bankruptcy?
Hertz Rental Company filed for bankruptcy in May 2020 after the COVID-19 pandemic caused a sharp decline in travel and rental car demand.
4. How did the restructuring deal affect Hertz’s ownership?
The restructuring deal in 2021 led to a change in ownership, with Hertz now being owned by a group of investors.
5. What services does Hertz Rental Company offer?
Hertz Rental Company offers a wide range of services, including car rentals, car sales, and commercial vehicle rentals.
6. How many locations does Hertz Rental Company have?
Hertz Rental Company has over 10,000 locations across 150 countries worldwide.
7. Are there any competitors to Hertz Rental Company?
Yes, Hertz Rental Company has several competitors in the rental car industry, including Enterprise, Avis, and Budget.
8. How has the COVID-19 pandemic impacted Hertz Rental Company?
The COVID-19 pandemic led to a decrease in travel and rental car demand, which ultimately played a role in Hertz filing for bankruptcy in 2020.
9. What are some popular car models available for rental at Hertz Rental Company?
Hertz Rental Company offers a variety of car models for rental, including sedans, SUVs, trucks, and luxury vehicles.
10. Does Hertz Rental Company offer any loyalty programs for customers?
Yes, Hertz Rental Company offers a loyalty program called Hertz Gold Plus Rewards, which allows customers to earn points and rewards for future rentals.
11. Can customers purchase vehicles from Hertz Rental Company?
Yes, Hertz Rental Company offers a program called Hertz Car Sales, where customers can purchase certified pre-owned vehicles at competitive prices.
12. Does Hertz Rental Company offer insurance coverage for rentals?
Yes, Hertz Rental Company offers optional insurance coverage for rentals to provide peace of mind for customers in case of any unforeseen incidents.