Hertz

11 Stories

Elon Musk, Hertz Seem to Disagree on Their Deal

Musk says there's no contract, while Hertz says the first of 100K Teslas are being delivered

(Newser) - Last month, Hertz made big headlines by announcing it had a huge deal with Tesla to buy 100,000 electric cars. The news sent shares of Tesla soaring. Now comes this twist courtesy of Elon Musk: "I’d like to emphasize that no contract has been signed yet,"...

The Hertz-Tesla Deal Has Big News for Uber

Hertz will rent up to half of its new Teslas to Uber drivers

(Newser) - Hertz is adding 100,000 Teslas to its US and European fleets, and on Wednesday it announced that up to half of those will be rented out to Uber drivers. "Today's partnership with Uber is another major step forward in Hertz becoming an essential component of the modern...

For Tesla, Good News From Hertz, Bad News on Bugs

Rental company to buy 100K sedans, while self-driving software has a hiccup

(Newser) - Car rental company Hertz is ordering 100,000 electric vehicles from Tesla. The company says it's buying the Tesla Model 3 small cars by the end of 2022, and it also will buy electric vehicle chargers, per the AP . No price was given for the order, but it is...

Hertz Took 3 Years to Hand Over a Receipt That Cleared Man of Murder

Now Herbert Alford is suing

(Newser) - When Michael Adams was shot dead in 2011, Herbert Alford was 20 minutes away, at the airport in Lansing, Mich. Nonetheless, Alford was convicted in the murder and spent almost five years behind bars before being exonerated last year and freed, CBS Detroit and Michigan Live report. He might have...

SEC Puts Damper on Hertz Plan to Sell Possibly 'Worthless' Stock

Car rental company wanted to dump $500M in common stock during bankruptcy proceedings

(Newser) - After a tumultuous few months, Hertz now has another wrench thrown into its works. Unable to endure the coronavirus pandemic, the car rental company filed for bankruptcy protection last month, then noted Monday in a government filing that it planned to sell $500 million in common stock—all while warning...

Bankruptcy for Hertz: 'No Business Is Built for Zero Revenue'

But Hertz and subsidiaries will continue to operate after being slammed in pandemic

(Newser) - Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. The company's lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline,...

The 10 Worst US Employers
The 10 Worst
US Employers

The 10 Worst US Employers

Alorica hasn't really charmed its employees

(Newser) - Companies focused on keeping customers happy should perhaps focus a bit more on their own employees. According to 24/7 Wall St. , some of the worst US companies to work for are customer-oriented. The site used Glassdoor reviews from employees to give US employers a rating out of five. The 10...

Hertz Fires 26 Muslims Over Prayer Breaks

Employees refused to clock out, says company

(Newser) - A Hertz branch in Seattle has fired 26 Muslim employees because they didn’t clock out during prayers. The car rental firm says it’s trying to be fair to other workers, but one fired employee tells KOMO News , “We feel like we're being punished for what we...

Hertz Rolls Out Car-Share Plan
 Hertz Rolls Out Car-Share Plan 

Hertz Rolls Out Car-Share Plan

Eying Zipcar's success, rental giant will rent you a Prius for $10 an hour

(Newser) - Look out Zipcar—car rental giant Hertz is jumping into the auto-sharing fray with hourly rentals in New York, Paris, and London, reports the New York Times. Hertz Connect customers will pay from $50 to $1,500 annually to subscribe and have access to cars for as little as $8....

Hertz Muscles in on Zipcar's Car-Sharing Turf

Service, to launch in NYC and elsewhere, is most direct competition yet from a big player

(Newser) - Zipcar is about to get some competition, and it’s going to look familiar. Hertz is starting its own car-sharing business, which boldly apes Zipcar’s model, the Wall Street Journal reports. Customers of Connect by Hertz will be able to rent cars in New York, London, and Paris starting...

Rental Biz Sees Small-Car Shortage

Demand for small cars on rise, as is anger at 'upgrades'

(Newser) - Rental car companies can't meet the soaring demand for more fuel-efficient small cars and are forcing irritated customers to take "upgrades" to gas-guzzlers. Rocketing gas prices are putting pressure on Hertz, Avis, and other companies to sell their luxury cars and SUVs to pay for fuel-efficient models. Bookings for...

11 Stories
Popular on Newser
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.