John D. Hertz created the business as “HertzDrive-Ur-Self System” after he bought the car rental operation founded by Walter L. Jacobs in 1918. He made the business a subsidiary of his Yellow Truck and Coach Manufacturing Company. After selling the business to General Motors in 1925, he then bought back the entire business through his Omnibus Corporation in 1953 and sold off all of its public transport interest. The following year, he changed the business’ name to The Hertz Corporation and offered common stocks on the New York Stock Exchange.
Whether you are thinking of getting a new car or renting one, Hertz can help you out through its various subsidiaries and divisions. Part of its global operations are Hertz Rent a Car, Hertz Truck & Van Rental, Hertz Car Sales, Hertz Local Edition and Hertz Equipment Rental.