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Jun 17, 2022 · Over a century ago, in 1918, a gentleman called Walter L. Jacobs from Chicago, Illinois, founded Rent-A-Car. The small rental company began operation with only 12 Model T Ford cars. It was a huge success as the business flourished, and John D. Hertz set his sights on buying the business.
Feb 8, 1985 · Walter L. Jacobs, founder of the automobile rental business that became the Hertz Corporation, died Wednesday of a circulatory ailment at Cedars Medical Center in Miami. He was 88 years old.
Feb 8, 1985 · Walter L. Jacobs, who started the first rent-a-car business in America with a fleet of 12 Model-T Fords and then sold his growing business to John Hertz in 1923, died Wednesday in Miami.
Hertz Global Holdings, originally known as Rent-a-Car Inc., was founded by Chicago, Illinois native Walter L. Jacobs in 1918. This small car rental operation began with a dozen Model T Ford cars. Within five years, Jacobs' fleet expanded to 600 vehicles—generating annual revenues of approximately US$1 million.
A founder of car rental industry and former Hertz president, Walter L. Jacobs died February 6, 1985, in Miami of a circulatory ailment. He was 88. Jacobs organized the world's first car-rental business in Chicago in 1918 with 12 Model T Fords.
Walter Jacobs, who was president of Hertz until his retirement in 1960, commented at the time that the acquisition 'rounds out Hertz operations by providing in New York City the largest single truck rental operation in existence.'
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Aug 9, 2021 · Walter L. Jacobs, 88, Chicago native who in 1918 founded the nation`s first car-rental agency with 12 Model T Fords; the company became the Hertz Corp. when in 1923 he sold the company to John ...
