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After spinning off, Herc Rentals has acquired a number of other companies, [29] including CBS Rentals, [30] All-Star Rents, [31] Dwight Crane, [32] Reliable Equipment, [33] All Reach, [34] and Champion Rentals. [35] It is currently one of the largest equipment rental companies in the world and operates in the United States and Canada. [3] [36]
Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car , Firefly Car Rental and Thrifty Car Rental .
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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2006 – 85,000 cars and 407 US corporate locations [10] [11] 2009 – 106,245 cars and 600 US locations [12] 2012 – A fleet of 122,000 cars in 470 US locations [13] The Hertz Corporation announced the company would purchase of Dollar Thrifty Automotive Group for US$2.3 billion (equivalent to $3 billion in 2024) on November 19, 2012. [14]
A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, Nov. 9, 2021. (Brendan McDermid/REUTERS/File Photo ...
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