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| The Pub For General Automotive Related Talk |
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04-07-2005, 11:09 AM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,318
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Ford US to sell Hertz
Ford Motor Co. intends jettisoning its wholly-owned Hertz rental car agency. The automaker announced that a registration statement for an initial public offering covering its economic interest in Hertz had been filed. Alternatively, Ford still sell Hertz - the world's largest general use car rental company - to a third party. It's consistent with the revitalization plan Ford launched in 2002. In addition to payroll downsizing and plant closures, Ford's plan called for the divestiture of businesses that are not integral to the manufacture and sale of cars and trucks. At that time, Hertz's equipment rental division was targeted for divestiture, but Ford could not find a buyer. |
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FORD Sells HERTZ
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