Hertz to Stop Renting Recalled Toyotas
January 28, 2010
PARK RIDGE, NJ -- 01/27/10 -- Hertz (NYSE: HTZ) announced today it will
temporarily stop renting vehicles named in Toyota's voluntary recall.
The Company's Chairman and Chief Executive Officer Mark P. Frissora said, "We
are taking action so there can be no question about the safety of our customers
and the cars we rent. We expect these actions will have minimal operational
disruptions."
The Company said it is working closely with Toyota to make necessary repairs as
quickly as possible, and that several Toyota models in its rental fleet are not
included in the recall.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is the
world's largest general use car rental brand operating from approximately 8,100
locations in 145 countries worldwide. Hertz is the number one airport car
rental brand in the U.S. and at 42 major airports in Europe, operating both
corporate and licensee locations in cities and airports in North America,
Europe, Latin America, Asia, Australia and New Zealand. In addition, the
Company has licensee locations in cities and airports in Africa and the Middle
East. Product and service initiatives such as Hertz #1 Club Gold, NeverLost
customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique
cars and SUVs offered through the Company's Prestige, Fun and Green
Collections, set Hertz apart from the competition. The Company also operates
the global car sharing club, Connect by Hertz, in New York City, Berlin,
London, Madrid and Paris. Additionally, Hertz operates one of the world's
largest equipment rental businesses, Hertz Equipment Rental Corporation,
offering a diverse line of equipment, including tools and supplies, as well as
new and used equipment for sale, to customers ranging from major industrial
companies to local contractors and consumers from approximately 330 branches in
the United States, Canada, China, France and Spain.
News Source: