Hertz Car Hire is a wholly owned subsidiary of the Ford Motor Company. The Hertz Company has a number of subsidiaries and divisions. You can find information about them below.
Hertz Rent A Car Hertz are proud to be the largest car rental company in the world, providing quality rental service for 80 years.
Hertz Car Sales Hertz sells one-year-old vehicles from their rental fleet to make room for new models. With their low fixed prices and "no hassle no haggle guarantee", you have the advantage.
Hertz Van Rental Whether moving across town or making extra large deliveries, Hertz Van Rentals are here to help. Hertz has set the standard for quality, reliability and service world-wide. They bring you that same dependability for all your moving needs.
Hertz Equipment Rental Hertz are one of the largest suppliers of rented and leased heavy equipment in the world. Their extensive inventory is available, ready for delivery.
Hertz Lease Hertz Lease is able to offer a wide range of operational leasing and fleet management services through its franchise network around Europe, the Middle East and Africa. Hertz History
Car rental, the largest and best known of Hertz' activities, is conducted from approximately 1,900 locations in the United States and from approximately 5,100 international locations. Hertz offers a wide variety of current-model cars on a short-term rental basis -- daily, weekly or monthly -- at airports, in downtown and suburban business centres, and in residential areas and resort locales.
Today, Hertz' Worldwide Reservations Centres handle approximately 40 million phone calls and deliver approximately 30 million reservations annually.
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. Wholly owned subsidiaries of Hertz includeHertz Equipment Rental Corporation (HERC), which rents a full range of construction and industrial equipment to contractors, industrial and government markets and offers quality used equipment for sale.
Hertz Claim Management Corporation is a Third Party Liability Claims Administrator providing services to major corporations, self insured entities and the insurance marketplace.
Hertz Local Edition, which specializes in insurance replacement and local car rentals for those customers whose personal cars are being repaired or are otherwise out of service. Year-wise development in Hertz1910's
In September of 1918, the pioneer of auto renting, Walter L. Jacobs, at the age of 22, opened a car-rental operation in Chicago. Starting with a dozen Model T Fords, which he repaired and repainted himself, Jacobs expanded his operation to the point where, within five years, the business generated annual revenues of about $1 million.
1920's
In 1923, Jacobs sold his car-rental concern to John Hertz, President of Yellow Cab and Yellow Truck and Coach Manufacturing Company. Jacobs continued as Hertz' top operating and administrative executive.
This rental business, called Hertz Drive-Ur-Self System, was acquired in 1926 by General Motors Corporation when it bought Yellow Truck from John Hertz.
1930's
In 1932, Hertz opened the first rent-a-car facility at Chicago's Midway Airport. Later that same year, to further facilitate the world's adjustment to travel by air, Hertz introduced the first Fly/Drive car rental program.
1950's
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. A year later, a new name was taken -- The Hertz Corporation -- and it was listed for the first time on the New York Stock Exchange. Jacobs became Hertz' first President and served in that post until his retirement in 1960. He died in 1985 at the age of 88.
In 1954, the new corporation bought Metropolitan Distributors, a pioneer in New York truck leasing dating back to the World War I and the largest concern of its kind in any one city. In the process, the head of Metropolitan, Leon C. Greenbaum, became Vice Chairman of the Hertz Board of Directors; he later became Chairman, and in 1960, Chief Executive Officer.
1960's
In 1967, The Hertz Corporation became a wholly owned subsidiary of RCA Corporation and operated as a separate entity, with its own management and Board of Directors.
1970's
In 1970, Hertz established its Worldwide Reservations Center in the heartland, Oklahoma City, and a year later Hertz' Data Center was also opened in Oklahoma City. Hertz went on-line, 24 hours a day, 365 days a year, all over the world.
1980's
In 1984, Hertz first developed and introduced Computerized Driving Directions (CDD) and became the first car rental company to offer this service. CDD was made available at over 100 airport and downtown locations throughout the U.S. and Canada. The directions were available at customer rental locations through easy-to-use, self-service, touch-screen terminals. Hertz offered the directions in six languages: English, French, German, Italian, Japanese and Spanish.
In 1985, Hertz joined UAL, Inc. On December 30, 1987, Hertz was sold to Park Ridge Corporation, a company formed by Ford Motor Company and certain members of Hertz senior management for the purpose of purchasing Hertz. In 1988, Volvo North America Corporation joined Ford and Hertz management as an investor in Park Ridge Corporation.
Hertz Instant Return, introduced in 1987, further streamlined the return side of the car rental transaction. At the car return lot, the Hertz agent meets the returning customer with the Instant Return hand-held computer. Today, Hertz has more than 100 locations offering this service around the world.
In 1989, in the U.S., Hertz redefined the car rental business with its #1 Club Gold Service, which became an international symbol for "fast service." This premium, expedited rental service which is available in more than 800 locations today, provides car rental customers with the ultimate in speed and quality. With #1 Club Gold, customers have no unnecessary paperwork at the time of rental and no long lines.
1990's
In 1991, Hertz #1 Club Gold service was exported to Canada, to Europe in 1992 and Asia Pacific in 1993.
That same year, Park Ridge Corporation was merged into The Hertz Corporation. In 1994, Ford purchased the outstanding shares of Hertz and Hertz' became an independent, wholly owned subsidiary of Ford.
Also, in 1994, Hertz opened its Financial Center, which joined its Worldwide Reservations and Data Centers in Oklahoma City.
In 1995, Hertz introduced in the U.S. its NeverLost(R) on-board navigation system. The user friendly route-guidance system provides turn-by-turn driving directions to virtually any destination within a geographic area by means of an in-car video screen, with computer-generated voice prompts, mounted in the front of the car's interior between driver and passenger seats.
In 1997, Hertz launched its new website, hertz.com. The site featured facts and figures on Hertz' fleet, including a visual vehicle guide, corporate information and details on Hertz' services, promotions and partnerships. The interactive portion of the site offers rate quotations as well as booking, confirmation and cancellation capabilities for customers and travel agents.
On April 25, 1997, Hertz became a publicly traded company, listed on the New York Stock Exchange, under the symbol "HRZ".
In October 1997, Dublin Ireland became home to Hertz Europe's Service Center. 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. Under the joint venture 40,000 "next generation" units have been deployed in the U.S. and Canada. This joint venture marks Hertz as the leader in this cutting-edge global positioning technology.
In 1999, Hertz and Toyota formed a car rental partnership in Japan, making available to Hertz customers car rental service at 1,100 locations in that country.
2000's
In May 2000, Hertz opened its second US reservations center in Saraland, Alabama, a municipality of Mobile County.
In July 2000, Hertz introduced a new, three tiered program for its top level #1 Club Gold members with the incorporation of #1 Club Gold Five Star and #1 Club Gold Presidents' Circle levels.
On March 9, 2001, Hertz became a wholly owned subsidiary of Ford when Ford reacquired the outstanding 18.5% of Hertz' stock.
In June 2001, Hertz launched another new level or premium car rental service with the introduction of the Hertz Prestige Collection. Offering vehicles from Jaguar, Land Rover, Lincoln and Volvo, Hertz Prestige Collection combines luxury vehicles with Hertz' exclusive customer services.
http://www.hertz.com |
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