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TheStreet Open House

Hertz: Committed To Rental Car Safety

PARK RIDGE, N.J., Oct. 12, 2012 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ) today announced that its U.S. car rental fleet does not include any of the Toyota vehicles subject to the recently announced safety recall related to power-window switches.  The company said its corporate rental fleet vehicles are currently from the 2011, 2012, and 2013 Model Years.  All of the recalled vehicles are from model years prior to 2010.

(Logo: http://photos.prnewswire.com/prnh/20110810/NY50373LOGO)

"The vehicles in the Hertz car rental fleet are from the current and most recent model years, and typically avoid the maintenance and repair issues consumers may encounter with older cars," commented Hertz Chairman and Chief Executive Officer, Mark P. Frissora.  "Our emphasis on clean, safe and newer cars results in higher levels of customer confidence that their rental experience will be trouble-free.  Whenever a vehicle in our fleet is subject to a safety recall, it is taken out of the fleet immediately not rented again until it has been repaired."

It is Hertz's policy not to rent or sell a recalled vehicle until it is repaired. In January, Hertz was the first rental car company to reach an agreement with Consumers for Auto Reliability and Safety (CARS) that mirrors the proposed federal legislation announced on September 27, 2012.  The legislation, which is consistent with existing Hertz policy, prohibits recalled rental vehicles from being rented until they've been repaired, and also permits rental companies to continue managing the recall and repair process. 

About The Hertz Corporation

Hertz, the largest worldwide airport general use car rental brand, operates from approximately 8,650 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe.   Hertz is an inaugural member of Travel + Leisure's World's Best Awards Hall of Fame and was named by the magazine's readers' as the Best Car Rental Agency.  Hertz was also voted the Best Overall Car Rental Company in Zagat's 2012/13 U.S.  Car Rental Survey, earning top honors in 14 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Choice, NeverLost®, and unique cars and SUVs offered through the Company's Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

For more information, visit www.Hertz.com or follow Hertz on Facebook or Twitter.

 

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