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In 2002, Hertz became the first international car rental company to open in China. [23] In 2013, Hertz began partnering with China's largest car rental company, China Auto Rental. In 2016, it reduced its ownership stake but announced a continuing commercial relationship through 2023. [24]
The airport launched an expansion effort in the early 21st century. A new air traffic control tower was completed in July 2007, replacing the 1951 tower. A new three-level parking garage opened in June 2007. In 2009, more parking lots were completed to handle increased rental car fleets; parking capacity was estimated at 3,000 vehicles.
On December 23, 1997, Chrysler spun off its car rental operations into the Dollar Thrifty Automotive Group with an IPO, as part of an effort to reduce operating expenses at Chrysler. [ 8 ] [ 9 ] [ 10 ] By the end of the 1997 fiscal year, Dollar Thrifty Automotive maintained 872 locations in the United States and employed a staff of 5,400.
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Hertz Car Sales is a division of The Hertz Corporation that sells vehicles that were previously used in the Hertz car rental fleet. [2] Hertz Car Sales is based out of The Hertz Corporation's headquarters in Estero, Florida . [ 3 ]
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Herc Rentals is an equipment rental company, owned by Herc Holdings. It was formerly a subsidiary of The Hertz Corporation before being spun-off as a separate company in 2016. The company provides rentals of heavy equipment , [ 3 ] tools, power generators and pumps, [ 4 ] as well as sales of used equipment.
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