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Hertz

BUSINESS
April 4, 2002 | Bloomberg News
Hertz Corp., the biggest U.S. car-rental company, said it eliminated base commissions paid to North American travel agents on certain transactions, following similar moves by several major airlines. Hertz said the change, effective immediately, was made because of continued weak travel demand, and the need to further reduce costs. The company, a unit of Ford Motor Corp., said the move will affect mostly U.S.
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BUSINESS
February 22, 2012 | By Deborah Netburn
German physicist Heinrich Hertz has been honored with his very own wavy Google Doodle on what would have been his 155th birthday. In case you aren't sure just what old Heinrich is responsible for, here is a hint: The metric unit Hertz (Hz), which stands for the number of cycles per second of any kind of phenomena, and is frequently used to describe radio and audio waves, is named after him. Noticing a wAvY theme here? PHOTOS: Google Doodles 2012 Hertz, who was born on Feb. 22 in 1857, was the first person to conclusively prove the existence of electromagnetic waves back in the late 1880s, and it was his experiments with electromagnetic waves that paved the way for the invention of radio, television and radar -- what we now know as the “wireless age.” Amazingly, he did all of this before his death at the age of 36 from Wegener's granulomatosis, a rare disease that results in the inflammation of the blood vessels.
CALIFORNIA | LOCAL
February 2, 2009 | Associated Press
Robert L. Stone, a former top executive at the Hertz Corp. who in the 1970s hired O.J. Simpson as a pitchman for the car rental giant, has died. He was 87. Stone died Wednesday of heart failure at his home in Boca Grande, his wife, Sheila Muldowny Stone, said Saturday. Stone became the chairman and chief executive of Hertz in 1972, when the company was a subsidiary of RCA Corp. It is now known as Hertz Global Holdings Inc.
SPORTS
May 17, 1985 | TONY COOPER
After Poway High School's girl's swimming team won the Palomar League meet last week, Poway Coach Will Scandalis said the Titans could "kick" their opponents whenever they had to. Mount Carmel, which has won the San Diego Section CIF girls swimming and diving title two years in a row, took offense to Scandalis' comment. In fact, several Sundevils swimmers showed up at Thursday's preliminaries at Mount Carmel with plastic, stick-on feet on the backs of their swimsuits.
NEWS
June 25, 2013 | By Mary Forgione, Los Angeles Times Daily Deal and Travel Blogger
Hertz is rolling out a new Dream Cars service that rents high-performance vehicles such as Aston Martins, Porsches, Ferraris and even a Tesla Model S to mere mortals who have money to burn on their next trip. The selection of luxury cars will vary at each location, but the company plans to introduce the service to 35 markets nationwide, including Los Angeles, Las Vegas, San Diego, San Francisco, Palm Springs and Orange County. And this comes with what Hertz describes as VIP perks too: "Additionally, the Dream Cars experience extends from special reservation channels to being greeted by a Hertz representative at the airport terminal, to a rental vehicle in pristine condition," Hertz Chairman and Chief Executive Mark P. Frissora said in a statement last week announcing Hertz Dream Cars.
BUSINESS
September 3, 1985
The price tag for Hertz was $587.5 million cash. Hertz, the car-rental business, has become a wholly owned subsidiary of UAL, the corporate parent of United Airlines. Frank Olson will continue to serve as chairman and chief executive of Hertz.
BUSINESS
March 1, 1997 | Times Staff and Wire Reports
Ford Motor Co. plans to sell less than 20% of its Hertz Corp. car rental unit in an initial public offering. The auto maker told the Securities and Exchange Commission that the offering, which had been long expected, will involve newly issued shares of Hertz common stock. Ford first invested in the Park Ridge, N.J.-based car rental giant in 1987 and acquired full control in 1994. Pricing of the Hertz shares is several weeks away, a Ford spokesman said.
NEWS
August 30, 1985 | United Press International
The Hertz Corp., a subsidiary of RCA Corp., has been sold to UAL Inc. for $587,500,000 in cash, it was announced today. The transaction, negotiated over a period of nine months, had been previously agreed to in principle on June 17 by directors of RCA and UAL, the parent company of United Airlines. Frank A. Olson will continue to serve as chairman and chief executive officer of Hertz, now a wholly owned subsidiary of UAL.
BUSINESS
January 10, 1997 | Times Staff and Wire Reports
Moody's Investors Service said it is reviewing the debt ratings of Hertz Corp. and its subsidiaries for possible downgrade after an announcement by Ford Motor Co. that it is reviewing its options about a possible sale of the industry's leading rental car company. According to Moody's, the management of Hertz has implemented a strategy over recent years "which has resulted in Hertz achieving the status of the world's largest and most profitable daily car rental company."
CALIFORNIA | LOCAL
June 22, 1997 | DARRELL SATZMAN
Entrepreneur John D. Hertz, who founded the Yellow Cab Co. in 1913 and later went on to own the world's largest car-rental company, left an indelible mark on the San Fernando Valley when in the 1950s he constructed an enormous bomb shelter on his expansive West Valley ranch. The shelter, which still exists, cost $89,000 and was considered a masterpiece of engineering. Shaped like a submarine, it had bath facilities, an elevator, an electric kitchen and sleeping accommodations for 30 people.
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