U.S. Senators urge federal investigation on Hertz rental car company after customers wrongfully accused of driving stolen rental cars
Federal lawmakers are urging the federal government to investigate Hertzโs business practices after customers were wrongfully accused of driving rental cars that were reported as stolen.
Hertz rental car company ordered by federal judge to disclose number of customers accused of driving stolen vehicles
KPRC 2 Investigates has been tracking developments connected to Hertz. The rental car company is battling hundreds of customers who say they were falsely accused of auto theft after renting cars.
Harris County Attorney exploring options on Hertz rental car arrests
A follow up to a KPRC2 Investigation. Customers renting cars for work or family trips, then getting pulled over-- at gunpoint-- accused of driving a stolen car. Our Investigates team exposed this problem in the Houston area and now we're seeing action.
KPRC 2 Investigates: Hertz customers report being accused of driving stolen rental cars
Houston Hertz customers say they were detained by police, and in some cases jailed, after being accused of driving a stolen rental car. The rental car company is now facing a lawsuit involving dozens of customers across the country.
Hertz eyes bankruptcy exit through $4.2 billion stake sale
FILE - In this May 6, 2020, file photo, a Hertz car rental is closed during the coronavirus pandemic in Paramus, N.J. Two investment firms are looking to take at least a controlling stake in rental car company Hertz for up to $4.2 billion and help it emerge from bankruptcy protection. (AP Photo/Ted Shaffrey, File)(AP) โ In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion. Knighthead Capital Management and Certares Opportunities will have the chance to buy the entire reorganized car rental company, but no less than a majority of its shares, Hertz Global Holdings Inc. said. Hertz filed for bankruptcy protection in May 2020. When it entered bankruptcy protection, Hertz named its fourth chief executive in six years.
Hertz selling 182K trucks and SUVS under market value after filing for bankruptcy due to coronavirus pandemic
HOUSTON โ The coronavirus pandemic has taken a toll on car rental companies, including one that plans to sell a fleet of cars to try and stay afloat amid the economic slowdown. Car rental company Hertz has begun selling its fleet of cars more than 10% below market value after filing for bankruptcy. According to CNN Business, the company filed for Chapter 11 bankruptcy due to the sharp decline in air travel caused by the coronavirus pandemic. Several cars, such as the 2018 Nissan Sentra, are being sold for $10,395, almost 12% below market value. Those interested in purchasing from Hertz can shop online and have the vehicle delivered within a 75-mile radius.