Hertz Global Holdings, Inc. (Hertz Holdings) is a holding company. The Hertz Corporation (Hertz) is its operating company and a direct wholly owned subsidiary of Hertz Investors, Inc., which is wholly owned by Hertz Holdings. Its business operates in two segments: rental and leasing of cars, crossovers and light trucks (car rental), and rental of industrial, construction and material handling equipment (equipment rental). In its equipment rental business segment, it rents equipment through approximately 340 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees. In October 2013, the Company announced that its wholly owned subsidiary Hertz Equipment Rental Corporation (hertzequip.com) has opened a 15,000 square foot location in Paso Robles, California to serve the growing non-residential construction, oil and gas, and agricultural markets.