Articles tagged “hertz”

Hertz Files for Bankruptcy Protection, Brought Down by Pandemic Under Heavy Debt

Hertz Files for Bankruptcy Protection, Brought Down by Pandemic Under Heavy Debt

Mike Spector, Reuters

The 102-year-old car rental company is among the biggest brands so far to be leveled by the fallout from coronavirus. A new CEO is six days into the job. Let's see how Paul Stone maneuvers the iconic brand through Chapter 11.

3 days ago

Hertz Looks for Financing Help As It Plans to Lay Off 10,000 Employees

Hertz Looks for Financing Help As It Plans to Lay Off 10,000 Employees

Jessica DiNapoli and Mike Spector, Reuters

Hertz is not alone in seeking rescue financing. Will it merge with Avis-Budget? Even if that doesn't happen, the travel industry will witness a wave of consolidation.

1 month ago

Hertz Rises Where Avis Falls in Crowded Landscape for Rides

Hertz Rises Where Avis Falls in Crowded Landscape for Rides

Isaac Carey, Skift

Avis could learn a few things from Hertz's strategy of investing in tech and operations.

7 months ago

Hertz Continues to Outshine Avis With Tech Investments for Operations

Hertz Continues to Outshine Avis With Tech Investments for Operations

Isaac Carey, Skift

Hertz recently upgraded its internal and fleet management systems, helping it overcome the hurdles that are bogging down Avis.

7 months ago

Hertz and Avis Double Down on Ridehailing Strategy

Hertz and Avis Double Down on Ridehailing Strategy

Isaac Carey, Skift

It's been hard for car rental companies to adapt to disruptors like Uber and Lyft, but their recent strategies show promise.

10 months ago

Avis and Hertz Struggle to Find Path to Car Rental Profit

Avis and Hertz Struggle to Find Path to Car Rental Profit

Andrew Sheivachman, Skift

Business still isn't great for Hertz or Avis, but at least they aren't hurting as much anymore. The next few quarters will prove whether they can burst out of a multiyear slump or will continue to muddle forward.

1 year ago

Hertz Wanted a Cool Website: It Ended Up With a $32 Million Legal Nightmare

Hertz Wanted a Cool Website: It Ended Up With a $32 Million Legal Nightmare

Isaac Carey, Skift

It's kind of amazing how many things went wrong.

1 year ago

Avis and Hertz Chart Their Futures After Yet Another Comeback

Avis and Hertz Chart Their Futures After Yet Another Comeback

Andrew Sheivachman, Skift

Car rental companies are looking to become transportation networking companies like Uber and Lyft, while also renting cars to drivers of those ridesharing services. But first, they need to bring their core business back on track.

1 year ago

Hertz Partners With Clear to Ease Rental Car Pain With Biometrics

Hertz Partners With Clear to Ease Rental Car Pain With Biometrics

Colin Bertram, Bloomberg

Rental car checkout is a nightmare if you don't have any loyalty status with the company. Maybe this new perk will make Clear's annual fee worthwhile for more frequent travelers.

1 year ago

Avis’ Misplaced Optimism in Europe Muddles Car Rental Recovery

Avis’ Misplaced Optimism in Europe Muddles Car Rental Recovery

Andrew Sheivachman, Skift

Car rental companies are preparing for the future of mobility, even as their recovery continues to be a slow process. Renting a car remains mostly annoying but the experience will improve soon thanks to apps and more customer-centric design.

2 years ago

Is a Smarter Car Rental Industry Emerging From Its Funk?

Is a Smarter Car Rental Industry Emerging From Its Funk?

Andrew Sheivachman, Skift

Rumors of the car rental sector's demise may have been greatly exaggerated. Fundamentals have improved for Hertz and Avis, while partnerships with ridesharing companies and autonomous vehicle innovators bring potential for sustained growth.

2 years ago

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

David Welch, Bloomberg

Forecasters say the U.S. car rental industry will find it tough to raise prices on rentals because of ridesharing services like Lyft and Uber. That's bad news for Avis and Hertz, which are not fetching high prices for their vehicles in used-car markets.

2 years ago