Hertz to slash more costs

NAPLES — Hertz says it plans to double its cost-cutting measures to $200 million as it continues to clear up accounting and operational issues.

“Early initiatives have enabled us to increase our cost-reduction commitment from $100 million to a $200 million run rate by year-end 2015, and we continue to pursue opportunities to deliver even greater savings,” says John Tague, the newly installed president and CEO of Hertz.

The car-rental giant is building an $85 million corporate campus in Estero and is currently operating out of temporary headquarters in Naples. Mark Frissora, the CEO who moved the company to Southwest Florida from New Jersey in 2013, resigned in September.