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Encyclopedia > The Hertz Corporation
Hertz Corporation
Type Public (NYSE: HTZ)
Founded 1918
Founder Walter L. Jacobs
Headquarters Park Ridge, New Jersey, USA
Area served Worldwide
Parent Hertz Global Holdings, Inc.
Owner Private Equity Group
Website [1]

The Hertz Corporation (also known as Hertz Rent A Car or simply Hertz) is the world's second largest car rental company, with 1,900 locations in the United States and 5,100 worldwide behind Enterprise, but is the largest general use car rental company in the world. Image File history File links This is a lossless scalable vector image. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... For the sequel to the computer game Entrepreneur, which has no article of it own, see The Corporate Machine. ... Map highlighting Park Ridges location within Bergen County. ... A holding company is a company that owns part, all, or a majority of other companies outstanding stock. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible... Europcar Sixt A car rental, rent-a-car or car hire agency is a company that rents automobiles for short periods of time (ranging from a few hours to a few weeks) for a fee. ... Enterprise Rent-A-Car logo The Enterprise Rent-A-Car Company is a privately held St. ... Europcar Sixt A car rental, rent-a-car or car hire agency is a company that rents automobiles for short periods of time (ranging from a few hours to a few weeks) for a fee. ...


Hertz also maintains a heavy equipment rental division known as the Hertz Equipment Rental Corporation, aka HERC. It is headquartered in Park Ridge, New Jersey. HERC has nearly 300 branches throughout the United States, Canada, Spain, and France. Map highlighting Park Ridges location within Bergen County. ...


The company was begun by Walter L. Jacobs in 1918, who started a car rental operation in Chicago with a dozen Model Ts. In 1923, Jacobs sold it to John D. Hertz, president of Yellow Cab and Yellow Truck and Coach Manufacturing Company, who renamed it the "Hertz Drive-Ur-Self System". The company has passed through a number of hands, including General Motors, RCA, and United Airlines. As a public company, Hertz was traded on the NYSE under the symbol HRZ until the purchase of outstanding stock by Ford Motor Company. 1918 (MCMXVIII) was a common year starting on Tuesday of the Gregorian calendar (see link for calendar) or a common year starting on Wednesday of the Julian calendar. ... Nickname: Motto: Urbs In Horto (Latin: City in a Garden), I Will Location in the Chicago metro area and Illinois Coordinates: , Country United States State Illinois County Cook & DuPage Settled 1770s Incorporated March 4, 1837 Government  - Mayor Richard M. Daley (D) Area  - City  234. ... 1908 Ford Model T advertisement The Model T (colloquially known as the Tin Lizzie and the Flivver) was an automobile produced by Henry Fords Ford Motor Company from 1908 through 1928. ... Year 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ... John Hertz, 1899 John D. Hertz (April 10, 1879 - 1961) was an American businessman, thoroughbred racehorse owner, and philanthropist. ... The original Yellow Cab Company based in Chicago, Illinois is one of the largest taxicab companies still in existence. ... The original Yellow Cab Company based in Chicago, Illinois is one of the largest taxicab companies still in existence. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... RCA, formerly an initialism for the Radio Corporation of America, is now a trademark used by two companies for products descended from that common ancestor: Thomson Consumer Electronics, which manufactures RCA-branded televisions, DVD players, video cassette recorders, direct broadcast satellite decoders, camcorders, audio equipment, telephones, and related accessories; and... United Airlines, also known as United Air Lines, Inc. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Ford Motor Company is an American multinational corporation and the worlds third largest automaker after General Motors and Toyota, based on worldwide vehicle sales. ...


From 1994 to 2005, it was a wholly owned subsidiary of Ford Motor Company. On June 13, 2005, Ford issued a notice that Hertz would be spun off in an initial public offering. On September 13, 2005 it was announced it was to be sold to a private equity group (composed of Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity) for $15 billion in cash and debt acquisition. The sale was completed on December 22, 2005. Year 1994 (MCMXCIV) was a common year starting on Saturday (link will display full 1994 Gregorian calendar). ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... In business, a subsidiary is a company controlled by another company or corporation. ... Ford Motor Company is an American multinational corporation and the worlds third largest automaker after General Motors and Toyota, based on worldwide vehicle sales. ... is the 164th day of the year (165th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... An initial public offering (IPO) is the first sale of a corporations common shares to investors on a public stock exchange. ... September 13 is the 256th day of the year (257th in leap years). ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... Clayton, Dubilier, and Rice is a private investment firm that has ownership stakes in Brakes (a major European food supplier), Remington Arms, The Hertz Corporation, and Culligan (a provider of water treatment products), amongst other companies. ... The Carlyle Group is a Washington, DC based global private equity investment firm with more than $18 billion of equity capital. ... Merrill Lynch & Co. ... December 22 is the 356th day of the year (357th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


This private equity group took Hertz public on 11-16-2006 and is now available on the New York Stock Exchange under the symbol 'HTZ'.


Because of its past affiliation with Ford, the rental fleets of most Hertz locations consist of Fords and Ford brands such as Mazda, Mercury and Lincoln. It is not uncommon, however, to find Hertz rental cars from non-Ford companies such as Toyota, Hyundai, Kia and General Motors. This article or section does not cite any references or sources. ... Mercury is an automobile marque of the Ford Motor Company founded in 1939 to market near-luxury cars slotted between entry-level Ford and luxury Lincoln models, similar to General Motors Buick (and former Oldsmobile) brand and DaimlerChryslers Chrysler brand. ... Lincoln is an American luxury automobile brand, operated under the Ford Motor Company. ... To meet Wikipedias quality standards, this article may require cleanup. ... The Hyundai Motor Company (hangul:현대자동차; hanja:現代自動車), a division of the Hyundai Kia Automotive Group, is South Koreas largest and the worlds Sixth Largest Automaker. ... Kia Motors Company (hangul: 기아자동차) is a South Korean automobile manufacturer with headquarters in Yangjae-dong, Seocho-gu, Seoul, South Korea. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ...


Hertz Corporation Technology Center is located in Oklahoma City, Oklahoma. The State Capitol of Oklahoma Looking at Downtown Oklahoma City The Flag of Oklahoma City Oklahoma City (sometimes abbreviated as OKC) is the capitol and largest city of the state of Oklahoma in the United States of America. ...

Contents

Hertz Neverlost

Hertz Neverlost (North America) navigation display in a fourth generation Hyundai Sonata
Hertz Neverlost (North America) navigation display in a fourth generation Hyundai Sonata

In the late '90s, the company pioneered in-car satellite based navigation in a portion of its rental fleet with the introduction of Hertz Neverlost. The system features a color LCD display, voice prompting in several selectable languages, street address lookup, turn-by-turn guidance, and a destination guide based on AAA Tourbooks. Later generation units feature a special events by city, and popular chains database. Geographic information for the entire United States, and the majority of Canada is stored in the Neverlost control unit which is typically mounted under the hatshelf in the trunk area. The Neverlost navigation system and components are standardized throughout the North American rental fleet and the same physical unit is used for several years and moved across multiple rental cars. Neverlost in other parts of the world may differ from the unit found in North America. Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... The Hyundai Sonata is a mid-size sedan built by the Hyundai Motor Company. ... An automotive navigation system is a satellite navigation system designed for use in automobiles. ... Reflective twisted nematic liquid crystal display. ... The AAA logo AAA (read triple-A), also known by its historic name of the American Automobile Association, is an American not-for-profit automobile lobby group and service organization that provides its members with many member benefits and services including but not limited to Nationwide Emergency Road Side Assistance... This 1931 Ford Model A features a separate trunk on its rear trunk rack. ...


Since being introduced, the Neverlost system has undergone two major hardware revisions, and several iterative software revisions. The latest generation Neverlost OTP unit features Online Trip Planning that allows the user to plan, save and upload destinations to a USB flash drive from an Internet equipped personal computer. The destinations are automatically preloaded when the flash drive is plugged in to the Neverlost unit.


The system was later repackaged and commercialized in a portable consumer unit called the Magellan Roadmate GPS Navigation System by Thales Group. The fact that it is based on the Hertz Neverlost system is frequently touted in the Roadmate marketing literature. The Thales Group (Euronext: HO) is a global electronics company serving aerospace, defence, and information technology markets worldwide. ...


Prestige Collection

Rent A Racer Special edition 2006 Shelby_GT-H Cobra Mustang
Rent A Racer Special edition 2006 Shelby_GT-H Cobra Mustang

In 1966 Hertz tapped notable racing and automotive designer Carroll Shelby to develop an exclusive version of his modified Ford Mustang. One thousand GT350H Mustangs were built and ultimately sold once their rental use had ended, and surviving models have become a rare collector car. Image File history File links Download high-resolution version (1200x720, 472 KB) Summary Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Ford Mustang The Hertz Corporation User:Lar/GallerySelfTaken ... Image File history File links Download high-resolution version (1200x720, 472 KB) Summary Licensing File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Ford Mustang The Hertz Corporation User:Lar/GallerySelfTaken ... The Shelby Mustang is a performance muscle car from the 1960s. ... The Ford Mustang is an automobile produced by the Ford Motor Company, originally based on the Ford Falcon compact. ...


In the early 2000s, Hertz debuted the "Prestige Collection" at many rental locations. This collection features cars from Ford's Premier Automotive Group, including specific reservable models from Volvo, Land Rover and Jaguar. Possibly due to market pressures, certain models from Mercedes-Benz, Audi, and several other luxury makes are also being offered in highly competitive rental locations such as LAX. The Hertz "Rent A Racer" is rented under this branding, including the pictured 40th-anniversary limited-edition 2006 Shelby GT-H Mustang. The Premier Automotive Group (PAG), is a group within the Ford Motor Company that overlooks the business operations of its three European luxury automobile subsidiaries: Jaguar, Land Rover and Volvo Cars. ... Volvo Cars, or Volvo Personvagnar, is a well-known Swedish automobile maker founded in 1927 in the city of Gothenburg in Sweden. ... Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ... Jaguar Cars Limited is a luxury car manufacturer, originally with headquarters in Browns Lane, Coventry, England but now at Whitley, Coventry. ... This page is about the Mercedes-Benz brand of automobiles and trucks from the DaimlerChrysler automobile manufacturer. ... {{Infobox Company | company_slogan = Vorsprung durch Technik (Advancement Through Technique) | Never Follow | company_name = Audi AG | company_logo = | company_type = Public (Xetra: NSU) | | foundation = 1909 | location_city = Ingolstadt | location_country = Germany | key_people = August Horch, Founder Rupert Stadler, Chairman | industry = Automotive | products = Luxury Automobiles, Engines | revenue = € 28. ... Runway layout at LAX “LAX” redirects here. ...


Advertising

A large billboard advertising Hertz was on the roof of the Texas School Book Depository in Dealey Plaza during the assassination of President John F. Kennedy on November 22, 1963. The billboard was later removed. Texas School Book Depository The Texas School Book Depository is the former name of a seven-floor building located on Dealey Plaza in downtown Dallas, Texas. ... Dealey Plaza (Warren Commission exhibit #876) Dealey Plaza (IPA pronunciation: ), in the historic West End district of downtown Dallas, Texas (USA), is infamous as the location of the John F. Kennedy assassination on November 22, 1963. ... President Kennedy with his wife, Jacqueline, and Texas Governor John Connally in the presidential limousine just moments before his assassination The assassination of John F. Kennedy, the thirty-fifth President of the United States, took place on Friday, November 22, 1963, in Dallas, Texas, USA at 12:30 p. ... John Fitzgerald Kennedy (May 29, 1917 – November 22, 1963), also referred to as John F. Kennedy, Kennedy, John Kennedy, Jack Kennedy, or JFK, was the 35th President of the United States. ...


In the 1960's, Hertz television commercials featured a special effect showing people easily floating down from the sky into a car, with a cheerful group singing, "Let Hertz put you in the drivers seat" and an announcer stating "Hertz", following by phrases such as "we put you behind the wheel (in the driver's seat)." This prompted an early Saturday Night Live parody of a man screaming as he falls from high altitude, crashing into a car. The announcer states, "Hertz." The man screams, "It sure does!" Saturday Night Live (SNL) is a weekly late night 91-minute American comedy-variety show based in New York City that has been broadcast live by NBC on Saturday nights since October 11, 1975. ...


In the late 60's, Hertz came out with a TV ad in which a company official, looking very much like a Nazi officer, shows the viewers the high efficiency of various aspects of Hertz' operations. At the end of the commercial he asks, "Why do we do this? I don't know; I am only following orders." This commercial brought about so much outrage that Hertz had it removed after a very short time. National Socialism redirects here. ...


O.J. Simpson appeared prominently in ads for the company for years. In one spot he leapt over counters running through an airport terminal. A woman yelled, "Go O.J. Go!" The relationship with Hertz and Simpson ended in late 1992 when reports of domestic abuse surfaced. Orenthal James Simpson (born July 9, 1947), commonly known as O. J. Simpson and also just by his initials O.J. and his nickname The Juice, is a retired American football player who achieved stardom at the collegiate and professional levels. ...


In 1993, a new campaign centered around the phrase "Not Exactly" was launched. The initial spot featured two business men (Bill Applebaum, Wayne Federman) forced to rush down an escalator, board a shuttle, and run through the rain to retrieve their non-Hertz rental. The spot was directed by Bob Giraldi. There are very few or no other articles that link to this one. ... Wayne Federman (June 22, 1959 -) is an American comedian, actor, and writer. ... Bob Giraldi (born January 17, 1939) is a film and television director who is probably best known for directing the video for Michael Jacksons song Beat It. ...


Every modern Hertz commercial features a Ford Taurus. The Ford Taurus is a mid-size, front wheel drive car manufactured by the Ford Motor Company in North America. ...


See also

SmartWay Logo The SmartWay Transport Partnerhip is a collaboration between freight shippers, carriers, and logistics companies to voluntarily achieve improved fuel efficiency and reduced emissions from freight transport. ...

External links

  • The Hertz Corporation web site

Use Hertz CDP 1757580 to save on rental cost.

Major car rental companies

Avis Budget Group: Avis - Budget Europcar Sixt A car rental, rent-a-car or car hire agency is a company that rents automobiles for short periods of time (ranging from a few hours to a few weeks) for a fee. ... Avis Budget Group NYSE: CAR, was founded in 2006 as the successor company to Cendant Corporation. ... Avis Rent A Car System Inc. ... Smart Fortwo rental from Budget Budget Rent a Car is a car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. ...


Vanguard: Alamo - National Vanguard Automotive Group is a company based in Tulsa, Oklahoma. ... Alamo Rent A Car is a car rental agency. ... National Car Rental is a rental car company based in Tulsa, Oklahoma. ...


Dollar-Thrifty: Dollar - Thrifty Dollar-Thrifty Automotive Group is a holding company for Thrifty Car Rental and Dollar Rent A Car, formed in 1990 by Chrysler and spun off in 1997. ...


Independents: Auto Europe - Enterprise - Europcar - Hertz - Kemwel - Rent-A-Wreck - Sixt Auto Europe, a car rental consolidator founded in 1954, has grown from a 10 person operation to a multimillion dollar corporation specializing in travel services for North Americans visiting Europe With over 4,000 locations throughout Europe, Australasia, the Caribbean and South Africa using major suppliers, Auto Europe is currently... Enterprise Rent-A-Car logo The Enterprise Rent-A-Car Company is a privately held St. ... Europcar is a Paris based car rental company owned by the French investment company Eurazeo, after its sale by the Volkswagen group in June 2006. ... Kemwel is an independent car rental consolidator based in Portland, Maine with access to over 750,000 vehicles in Europe and worldwide from over 4,000 pick up locations. ... Rent-A-Wreck is a car rental company that is primarily known for renting used cars at discount prices. ... Sixt counter Founded in 1912 by Martin Sixt, Sixt serves its customers at more than 3,500 service stations in more than 80 countries. ...


  Results from FactBites:
 
Hertz Corporation (1180 words)
Hertz, the world's leading vehicle renting organization, is represented in the United States and more than 150 foreign countries, operating from 7,000 locations.
In 1953, the Hertz properties were bought from GMC by the Omnibus Corporation, which divested itself of its bus interests and concentrated solely on car and truck renting and leasing.
The Center is Hertz Europe's centralized reservations center handling calls from France, Germany, Ireland, Switzerland and the U.K. In 1998, Hertz and Magellan Corporation announced the formation of an exclusive joint venture to oversee the expansion and operation of Hertz' NeverLost navigation system.
  More results at FactBites »

 
 

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