Hertz closes 200 locations

NAPLES — Car-rental giant Hertz says it will save $10 million a year by closing 200 off-airport locations.

The cuts come as part of the company's goal to save $200 million a year. However, Hertz says the cuts don't include the $70 million it is spending to build a new corporate headquarters in Estero in South Lee County. The company relocated its headquarters to Southwest Florida from New Jersey two years ago and it is currently leasing temporary office space in Naples and Bonita Springs.

“While the first quarter financial results were unsatisfactory, we have made progress that will lead to a stronger second half performance in 2015 and position us well for 2016,” says John Tague, president and CEO of Hertz, in a statement.