Net income of Hertz Global Holdings under GAAP for 3 months of 2022 was $426 million, up 2.3 times from $189 million in the previous year. Revenue increased 40.4% to $1.81 billion from $1.289 billion a year earlier.

Net income of Hertz Global Holdings under GAAP for 2021 was $0.365 billion, compared to a loss of $1.723 billion in the previous year. Revenue increased 39.5% to $7.336 billion from $5.258 billion a year earlier.

Hertz shareholders are selling 44,520,000 shares of the company's common stock through a public offering at $29 per share. Underwriters have been granted a 30-day option to buy an additional 6,678,000 shares. Hertz plans to repurchase 10,344,828 outstanding shares for $300 million. The shares are expected to begin trading on the Nasdaq today under the ticker...

Hertz may order 150,000 Tesla cars within three years to be leased to Uber drivers. Previously, the company said it intends to order 100,000 cars in 2022, of which 50,000 for Uber drivers.