Many have us have heard that hertz is up for sale.To track the story here is the column to read published by economist.com.
WITH a fleet of 12 Model T Fords, Walter Jacobs opened in Chicago in 1918 the rental business that was to become Hertz, now the world’s biggest car-hire firm. In 1923, Jacobs sold his pioneering business to John Hertz. It was the first in a long series of ownership changes that continued this week with the announcement that Ford Motor Company, the main owner of Hertz since 1985, is to sell it to a consortium of three private-equity firms in a deal worth $15 billion in debt and equity.
This is arguably the biggest private-equity deal since the controversial purchase of RJR Nabisco for $25 billion in 1989. But it is unlikely to remain the biggest for long. Private-equity firms (which buy large, influential stakes in firms, often taking public companies private) have been raising huge sums from investors, they are increasingly willing to bid together on deals and borrowing money is currently cheap and easy—Hertz’s buyers, for example, are borrowing over $12 billion. Indeed, some fear that private-equity firms are now so flush with cash that they are overpaying for firms coming onto the market.
car rental, car rental news, ford motor company, hertz 
