Hertz Global Holdings Inc.

Hertz Global Holdings Inc. News

Rental car operator Hertz reports bigger-than-expected loss

Hertz has been reducing the size of its rental fleet and investing more in marketing campaigns and technology upgrades of its app amid pressure from industry over-capacity and pricing.

Apple working with Hertz to manage small autonomous fleet

Apple Inc. is leasing a small fleet of cars from Hertz Global Holdings Inc. to test self-driving technology, an agreement that echoes a larger deal between competitors Alphabet Inc. and Avis Budget Group Inc. Hertz shares soared the most in almost two years.