Category: Press Release

  • Hertz Equipment Rental Expands Into Off Shore Equipment Rentals With Acquisition of Delta Rigging & Tools’ Equipment Rental Operation
— Hertz Continues Acquisition Strategy to Boost Revenue Growth —

    Hertz Equipment Rental Expands Into Off Shore Equipment Rentals With Acquisition of Delta Rigging & Tools’ Equipment Rental Operation — Hertz Continues Acquisition Strategy to Boost Revenue Growth —

    PARK RIDGE, N.J., Oct. 28, 2011 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) announced that its equipment rental division, Hertz Equipment Rental Corporation, (HERC) has acquired Delta Rigging & Tools’ offshore equipment rental division based in New Iberia, La., expanding its Oil and Gas customer base into the offshore market.

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

    "Hertz continues to make strategic investments in the oil and gas exploration and production sector in North America," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "We believe that Oil and Gas is one of the strongest segments of Hertz’s industrial business. The Delta Rigging & Tools acquisition allows Hertz to further penetrate the exploratory drilling activity in the offshore market and leverage our existing industrial Oil and Gas customer base by providing new products and services in this market segment."

    By acquiring the New Iberia operation, Hertz continues its strategy of expanding into the Oil and Gas drilling markets in North America. Hertz Equipment Rental specializes in supporting this industry with 24/7 service and the rental of air compressors, light towers, welders, generators, pumps and a variety of tools and products.

    The New Iberia, Louisiana location was Delta’s only equipment rental operation carrying compressors, light towers and welders. The purchase by Hertz Equipment Rental will allow for faster growth of the New Iberia operation, as it fits within Hertz’s core competencies of industrial rental solutions in power generation, pumps, industrial air compressors, light towers, welders and general offshore tools and products.

    "Delta Rigging & Tools continues to have a strong presence with full service facilities throughout Louisiana. The sale of our New Iberia rental assets will allow us to continue to make capital improvements to existing facilities in Louisiana, as well as to expand our presence in new markets," said Kevin Rodgers, CEO of Delta Rigging & Tools.

    Headquartered in Houston, TX, Delta Rigging & Tools, Inc. is one of the largest U.S. rigging companies offering a complete portfolio of lifting solutions, including hoists, winches, wire rope, wire and synthetic slings, accessory parts, and hardware as well as testing, inspection and field services. Delta Rigging & Tools serves both domestic and international customers and provides complete lifting and rigging solutions and support for a diverse range of markets.

    Hertz Equipment Rental Corporation – a wholly owned subsidiary of The Hertz Corporation since 1965 – operates one of the world’s largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers custom programs and equipment through its specialty service groups; Industrial Plant Services, Pump and Power Services, Aerial Services and Government Services. With approximately 325 locations in the United States, Canada, China and Europe, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

    The Hertz Corporation is the world’s largest general use car rental brand, operating from approximately 8,600 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 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.

    For more information about Hertz Equipment, visit the company online at www.hertzequip.com.

    SOURCE Hertz Global Holdings, Inc.

  • Hertz Withdraws its Exchange Offer to Acquire Dollar Thrifty
Remains Interested in Acquiring Dollar Thrifty and Focused on Obtaining Antitrust Clearance

    Hertz Withdraws its Exchange Offer to Acquire Dollar Thrifty Remains Interested in Acquiring Dollar Thrifty and Focused on Obtaining Antitrust Clearance

    PARK RIDGE, N.J., Oct. 27, 2011 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz") today announced that it is withdrawing its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) ("Dollar Thrifty"). Hertz decided to withdraw its exchange offer at this time in light of Dollar Thrifty’s plan to commence its announced share repurchase program and current market conditions.

    Hertz continues to believe that a merger with Dollar Thrifty is in the best interests of both companies. Hertz remains engaged with the FTC to secure antitrust clearance for the proposed transaction.

    Once antitrust clearance has been obtained, Hertz will reassess the appropriate price and other terms of the proposed transaction based on Dollar Thrifty’s share repurchase program, Dollar Thrifty’s performance, Dollar Thrifty’s outlook and prevailing market conditions at that time.

    Contact information:

    Investors
    Leslie Hunziker
    Staff Vice President – Investor Relations
    Tel: 201-307-2337
    E-mail: lhunziker@hertz.com

    Scott Winter
    Innisfree M&A Incorporated
    Tel: 212-750-5833

    Barclays Capital
    Tel: 888-610-5877

    Media
    Richard Broome
    Senior Vice President – Corporate Affairs & Communications
    Tel: 201-307-2486
    E-mail: rbroome@hertz.com

    Steven Lipin / Jayne Rosefield
    Brunswick Group
    Tel: 212-333-3810

    About Hertz

    Hertz is the world’s largest general use airport car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 83 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, Hertz has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, Never Lost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through Hertz’s Adrenaline and Green Traveler Collections, set Hertz apart from the competition. In 2008, Hertz entered the global car sharing market in London, New York City and Paris. Hertz also 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 320 branches in the United States, Canada, China, France, Italy, Saudi Arabia and Spain.

    Forward-Looking Statements

    Certain statements contained herein constitute forward-looking statements. These statements are based on the current expectations and beliefs of Hertz and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that Hertz may be unable to obtain regulatory approvals required to acquire Dollar Thrifty and Hertz may be adversely affected by the other risks described in Hertz’s Securities and Exchange Commission reports. Additional information concerning these and other risks, uncertainties and assumptions can be found in Hertz’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by Hertz. Hertz assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law.

    SOURCE Hertz Global Holdings, Inc.

  • Hertz First Car-Rental Company to Deploy a Zero-Emissions All-Electric Bus
Hertz uses the BYD eBUS-12 at LAX

    Hertz First Car-Rental Company to Deploy a Zero-Emissions All-Electric Bus Hertz uses the BYD eBUS-12 at LAX

    PARK RIDGE, N.J., Oct. 24, 2011 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s largest general use airport car rental brand, announces today the use of BYD’s eBUS-12 at Los Angeles International Airport (LAX), the first such use to be conducted by a rental car company. Hertz is testing the all-electric on its main routes to gain data on this new platform.

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

    "Hertz is aggressively moving forward with its Global EV program, introducing electric vehicles into its worldwide fleet and testing other electric vehicles as they become available," says Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "Hertz’s mission is to provide the most technologically advanced mobility solutions to our customers, including the buses we use as part of our everyday operations at airports. We continue Hertz’s track record of innovation by being first to deploy an all-electric shuttle bus in the US."

    The BYD pure electric eBUS-12 is able to run 155 miles on a single charge in urban conditions, more than enough for Hertz’s use at its airport locations, and its energy consumption is less than 100 kWh per 60 miles. The eBUS-12 is designed with the customer in mind, with a low floor and ample space to allow easy passenger loading and unloading and the bus has specially engineered sound insulation for a quieter cabin experience. The eBUS is being tested at Hertz’s Los Angeles Airport location, shuttling car rental customers between the terminals and Hertz’s rental facility. With a lower cost of ownership than a traditional gas powered bus, replacing just one traditional bus with the eBUS will reduce emissions by over 320 kg of CO2 (per 150 miles traveled) and save Hertz an average of $76* per day, per bus in fuel costs! (*32 gallons of diesel at $3.20/gal are replaced with $25.92 in electricity for $0.08/Kwh — the night time EV charge rates in LA).

    BYD America President, Stella Li, stated, "BYD is thrilled to partner with HERTZ to demonstrate this significant breakthrough in zero-emissions buses. Not only is this eBUS a third less expensive to operate, but the total life-time costs are much less expensive than any other comparable 40-foot bus. Hertz is a leader in electric vehicles and other innovations and we are pleased to see that Hertz is the first rental company to deploy an all-electric bus."

    Hertz recently expanded its EV initiative to China, making it the first global rental car company to offer electric vehicles (EVs) on three continents. In its first year, the Hertz Global EV initiative has grown from a vision to a market presence cities around the world including New York, Washington, D.C., San Francisco, London and Shenzhen, offering the most diverse fleet of EVs from manufactures including BYD, Nissan, GM, Mitsubishi, Renault, Daimler and Tesla. Hertz is uniquely positioned to introduce multiple groups of consumers – urban drivers, university students, travelers and corporations – to all-electric and plug-in hybrid vehicles. As part of its strategy, Hertz is forming partnerships with automakers, charging station providers, municipalities, NGOs, corporations and other stakeholders.

    Hertz plans to increase its global EV presence by deploying vehicles in other countries in the coming months. Hertz Global EV will continue to leverage the company’s rental and car sharing locations as bases for vehicles and charging stations, and tap into its technology – including sophisticated fleet management tools and the consumer-facing GPS systems, including the NeverLost GPS system in the U.S. – to help form an EV grid.

    For more information, visit www.hertz.com or www.hertzondemand.com.

    About Hertz

    Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 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(R), NeverLost(R) customized, in-car GPS system, 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 Advantage car rental brand and the global car sharing club Hertz on Demand. And, Hertz operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, from approximately 325 branches in the United States, Canada, China, France, Spain and Italy.

    About BYD:

    BYD was ranked #1 at the top of Bloomberg’s and BusinessWeek’s 2009 Tech 100 List (http://www.businesswire.com/news/home/20100520006751/en/BYD-Tops-Bloomberg-Businessweek%E2%80%99s-12th-Annual-Tech) and is the leading manufacturer of advanced, environmentally-friendly battery technologies like the BYD’s Iron Phosphate battery used in BYD electric vehicles and electric buses. BYD’s solar panels and LED Lighting systems have CEC, TUV/CE and UL listings, and the company enjoys rapid growth in consumer electronics space and electrified transportation sector manufacturing under its BYD brand. BYD is the fastest-growing Chinese automotive and green energy technology enterprise. The Company trades on the Hong Kong Exchange (HKE) under the ticker numbers (HK.0285 – BYD Electronics) and (HK.1211 – BYD Company Ltd.), as well as on the Shenzhen Stock Exchange under the ticker number (002594 – BYD Company Ltd.). For more information, visit www.byd.com, www.facebook.com/bydcompany or email pr@byd.com.

    SOURCE The Hertz Corporation

  • Hertz On Demand Expands in Boston; Announces Elimination of Late Fees
Car Sharing Club Provides More Options and Benefits for Drivers with Elimination of Late, Enrollment and Annual Fees

    Hertz On Demand Expands in Boston; Announces Elimination of Late Fees Car Sharing Club Provides More Options and Benefits for Drivers with Elimination of Late, Enrollment and Annual Fees

    PARK RIDGE, N.J., Oct. 20, 2011 /PRNewswire/ — Hertz (NYSE: HTZ) announces today the expansion of its car sharing service, Hertz On Demand (www.HertzOnDemand.com), in the Boston market with a ‘Give It Up, Get More’ promotion. Beginning today, local residents can sign up online, and start reserving cars from one of Hertz On Demand’s local hubs to experience the enhanced member benefits offered by this car sharing club, including:

    • NEW: Elimination of late fees. Hertz On Demand members will not receive punitive charges/late fees for the late return of a vehicle(1)
    • Free membership. Hertz On Demand has no enrollment fee or annual membership fee, and offers low hourly and daily rates
    • "Give it Up, Get More" Promotion: Through December 31, 2011, members joining Hertz On Demand who mail their membership card from any US competitor receives $75 in driving credits to try Hertz On Demand (available for all Hertz On Demand locations/markets in the US). Visit www.hertzondemand.com for details.
    • The introduction of a membership kiosk in Boston (414 Cambridge Street, Allston) so residents can sign up on the spot
    • Rental fleet options including the Nissan Altima and Jeep Liberty. Hertz On Demand also plans to add Fiat 500 vehicles to its Boston fleet in the coming weeks
    • 180 miles a day(2), gas and insurance included in rates
    • Daily rates on Hertz rental cars for longer trips; Ability to rent a car for up to 30 days
    • Unparalleled member service including 24/7 live, in-car assistance from a team of Hertz Member Care experts

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

    "By expanding Hertz On Demand in Boston, we are able to offer local residents a new car sharing option that costs less while at the same time provides greater choice and unequalled customer service," commented Mark P. Frissora, Chairman and Chief Executive Officer, The Hertz Corporation. "Hertz is committed to redefining the car sharing industry, and offering unmatched member-centric services such as the elimination of late fees, as well as membership and annual fees. By utilizing the resources we have as the leading global car rental company – including best-in-class technology – we are making strides to bring the future of car sharing to life for our customers."

    Hertz On Demand provides members a quick, easy and convenient option to rent a car spontaneously and currently has 7 locations in the Boston area:

    • 414 Cambridge Street, Allston, MA (Hertz Local Edition location equipped with member kiosk)
    • 166 Terrace St, Boston MA (Oliver Lofts)
    • 7 Seaport Drive, Quincy, MA (Marina Bay)
    • 390 Congress Street, Boston, MA (Open Air Parking Lot)
    • 126 Dartmouth Street, Boston, MA (Dartmouth Street Parking Garage, Copley Place)
    • 31 Eliot Street, Cambridge, MA (Harvard Square Parking Garage)
    • 100 Cambridgeside Galleria, Cambridge, MA (Galleria Mall)

    Hertz On Demand provides an economical, convenient and socially conscious alternative to car ownership. The service is a pay-as-you-go system, providing members with 24/7 access to vehicles strategically located throughout their city. It has approximately 70,000 members, is available in six countries and on approximately 50 university campuses. Hertz On Demand offers its members products and services that are unmatched in the car sharing industry, including:

    • The elimination of all membership and renewal fees in the U.S. and Europe
    • One-way car sharing rentals between 175 locations in the Northeast U.S.
    • Guaranteed availability. Monday through Thursday, in New York City, coming to Boston over the next few weeks.
    • An expanded car sharing fleet with new vehicles added to the service. The U.S. fleet has been refreshed to include luxury cars, including the Cadillac Escalade Hybrid, Buick Enclave and GMC Acadia; and cars for moving, including the Ford Transit Connect and the Nissan Titan pick-up truck.
    • Simplified reservation process. www.Hertzondemand.com is newly redesigned, with a simplified reservation process, including one way map routing and reservations, enhanced search capabilities, faster page load times and enhanced details about car makes and models
    • Unparalleled Member Service. Hertz On Demand’s industry leading, proprietary in-car technology provides members a safe and superior in-car experience. Upon enrolling, members receive a smart chip enabled card which gives them keyless entry to any reserved car. In the vehicle, a hands-free audio kit connects members to Hertz’s in-house Member Care Center – available 24/7, 365 days a year – should they have questions, need assistance or need to extend their reservation. Hertz On Demand "communicates" with the vehicle, enabling representatives to unlock, engage and locate vehicles, cars are equipped with iPod and Bluetooth connectivity, for hands free driving, and EZ Pass transponders

    As the only leading global rent-a-car company to offer a car club, Hertz is ideally positioned to offer tailored solutions which are designed to meet the needs of today’s businesses. Businesses can reduce expenses and control costs by converting fixed fleet costs into variable costs by only paying for per trip usage. Shared cars can be used for professional purposes, including trips to nearby offices and off-site meetings. And, businesses can give employees a money-saving perk by offering Hertz On Demand cars at work, making cars available for personal usage. Hertz On Demand is able to place cars on corporate sites and offers corporate members the added benefit of classic car rental services. Businesses, government entities with fleet operations, and even companies operating residential buildings, such as apartment blocks, can all benefit by offering employees and tenants car sharing services. Hertz On Demand also serves businesses and organizations including Marriott International, BAA Airports Ltd. and Pricewaterhouse Coopers.

    For more information, visit www.HertzOnDemand.com or follow Hertz On Demand on Facebook [www.facebook.com/hertzondemand] or Twitter [www.twitter.com/hertz].

    (1) Late returns will only be charged rates for the additional time used in 15 minute intervals (no punitive fees)

    (2) Per 24 hour period

    About Hertz On Demand

    Hertz On Demand, The Hertz Corporation’s (NYSE: HTZ) global car sharing club (hourly car rental program), has more than 800 vehicles, 70,000 members and more than 300 locations worldwide, including corporate offices and universities. Hertz On Demand offers vehicles in the Personal, Social and Jet Set Collections; all are available for online reservation at competitive rates. All cars are equipped with Eileo® technology, and benefits covered by the hourly rate include gas, insurance, GPS turn-by-turn navigation, 24/7 roadside assistance, 24-hour Member Care Center communication, and 180 free miles per day. For more information, visit www.hertzondemand.com or call Member Care Services at 877-654-4400.

    Hertz On Demand vs. Leading Competitor

    Hertz On Demand (US)

    Leading Competitor

    Enrollment Fee

    Free

    $25 (for basic plan)

    Annual Membership Fee

    Free

    $60 (for basic plan)

    Late Fees

    None

    $50 per hour (minimum charge)

    Hourly Rates

    Starting at $5; daily rates at $60

    Starting at $8.50; daily rates at $81

    Mileage

    Up to 180 per 24 hour period ($0.45 per extra mile)

    Same

    Insurance

    $250 deductible

    $750 deductible

    Member Care Center

    24/7; 365 days a year

    In house operations staffed by Hertz employees

    Evening hours only

    Outsourced operations

    RAC Discount/Gold Membership

    20% discount on Hertz

    None

    Technology

    See below

    See below

    Fleet Selection

    – Newer cars

    – High end cars like the Cadillac Escalade Hybrid

    – EVs in NYC: Chevy Volt, Nissan LEAF, smart EV

    EVs on West coast; none in NYC

    Car Cleanliness

    Cars cleaned after every 2 transactions

    Cars cleaned after more than 15 transactions

    Added Member Benefits

    24/7 in-house Member Care Center

    Hertz located all over the country – at the airport, in your neighborhood

    Technology

    Hertz On Demand (US)

    Leading Competitor

    One-way to Other Hertz On Demand Locations

    Yes

    No

    One way to Airport

    Yes

    No

    In Car Communication

    Yes

    No

    NeverLost GPS in Every US Car

    Yes

    No

    Smart Control Screen Pad

    Yes

    No

    Bluetooth

    Yes

    Some availability

    Rapid Activation Kits

    Yes

    No

    On Site Enrollment Kiosks

    Yes

    No

    SOURCE The Hertz Corporation

  • Hertz Adds Five Transit Connect Electric Vans to Its Fleet

    Hertz Adds Five Transit Connect Electric Vans to Its Fleet

    OAK PARK, Mich., Oct. 17, 2011 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s largest general use airport car rental brand, and Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) ("Azure"), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium commercial vehicles, today jointly announced the addition of the innovative Ford Transit Connect Electric van into Hertz’s fleet, a first for the car rental industry. The five Hertz units will be deployed mid-November at multiple locations as part of Hertz Entertainment Services and Hertz on Demand car sharing.

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

    "Hertz Entertainment Services and Hertz on Demand customers have unique vehicle needs and the Transit Connect Electric is a perfect fit for customers looking for the latest in mobility solutions while also achieving best in class sustainability practices," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "We expect to deploy the Transit Connect Electric in our B to B programs for customers who need a light duty van with a high degree of cargo capacity as a part of their fleet solutions."

    "Since launching last year, a broad cross-section of businesses including utilities, delivery companies and even law firms have used the Transit Connect Electric to green their fleets," said Nancy Gioia, director of global electrification, Ford Motor Company. "With its new Transit Connect Electric fleet, Hertz will allow even more businesses in a variety of new industries to experience 100 percent electric and zero-emissions driving."

    "The value-add of working with a marquee rental company like Hertz is that multiple end-users will get behind the wheel and experience our Transit Connect Electric first hand," said Scott Harrison, Azure Dynamics CEO. "Although driving performance and cargo versatility will be familiar compared to the conventional product, our Force Drive(TM) powertrain runs entirely on electricity, producing zero tailpipe emissions, and will likely be the first electric drive experience for many of Hertz customers."

    According to independent data, rental car companies collectively operate approximately 1.63 million vehicles in the United States. As the economy gains traction, it is expected that U.S. rental companies will add vehicles to their fleets including fuel efficient ‘green’ vehicles.

    Hertz Entertainment Services rents vehicles to various studios and entertainment companies that often choose to rent vehicles during periods of increased activity. Hertz On Demand is a pay-on-demand car membership club based on hourly rental services. The Transit Connect Electric program is a chance for both divisions to explore opportunities for the van’s inclusion in the fleet.

    Hertz continues to improve the fuel economy of its vehicles through is Global EV eco-mobility program, which is championing an electric and plug-in hybrid vehicle mobility ecosystem that incorporates transportation options that minimize the impact of its operations on the environment and enables the company to continue consistent sound environmental behavior.

    The Ford Transit Connect Electric utilizes Azure’s proprietary electric powertrain system and Johnson Controls’ advanced lithium-ion battery to achieve a range of 50 to 80 miles depending on auxiliary usage and drive cycle and is rechargeable using either a 240-volt or standard 120-volt outlet. Commercial vans generally return to a central location at the end of each driving cycle making for easy overnight recharging. Use of the Transit Connect Electric vehicles will also reduce fuel and maintenance costs, as well as reducing greenhouse gas emissions.

    About Azure Dynamics

    Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with a variety of partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. For more information please visit www.azuredynamics.com.

    About Hertz

    The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world’s largest airport general use car rental brand, operating from approximately 8,500 locations in 146 countries worldwide. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, through approximately 320 branches in the United States, Canada, France, Spain, China and Italy. For more information please visit www.hertz.com.

    The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements Advisory

    Certain information included in this press release constitutes forward-looking statements and information and future-oriented financial information under applicable securities legislation and is provided for the purpose of expressing management’s current expectations and plans for the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

    More particularly, this press release contains statements concerning Azure’s anticipated: business development strategy, customer orders, product deliveries, sales, revenue and revenue growth. The forward-looking statements are based on a number of key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs and sales, target market acceptance of Azure’s products, current and new product performance, availability and cost of labor and expertise, and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions used to develop the forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct.

    Since forward-looking statements address future events and conditions, by their very nature they involve numerous risks and uncertainties that contribute to the possibility that the projections and forecasts in the forward-looking statements will not occur and that actual performance or results could differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with Azure’s stage of development, history of losses and lack of historical product revenues, uncertainty as to product development and sales milestones being met, product defect and performance risks, competition for capital and market share, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability and retention of management and key personnel, exchange rate and currency fluctuations, uncertainties relating to potential delays or changes in plans with respect to product development or capital expenditures, the ability of Azure to access sufficient capital on acceptable terms, and environmental and safety risks. This is not an exhaustive list and additional information on these risks and other factors that could affect Azure’s operations and financial results are included in reports on file with the Canadian securities regulatory authorities and can be accessed through the SEDAR website at www.sedar.com.

    The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Additionally, Azure undertakes no obligation to comment on the expectations of, or statements made by, third parties about Azure.

    SOURCE The Hertz Corporation

  • Hertz On Demand Expands Global EV Initiative On College Campuses
– Texas A&M University receives a Nissan LEAF to its existing fleet –

    Hertz On Demand Expands Global EV Initiative On College Campuses – Texas A&M University receives a Nissan LEAF to its existing fleet –

    PARK RIDGE, N.J., Oct. 13, 2011 /PRNewswire/ — Hertz On Demand, The Hertz Corporation’s (NYSE: HTZ) global hourly car rental program announced the delivery of a Nissan LEAF to Texas A&M University today.

    (Logo: http://photos.prnewswire.com/prnh/20111013/NY86012LOGO)

    "As we continue to expand our University network, we are also expanding our fleet of EVs on campuses around the country," said Mark P. Frissora, Chairman and Chief Executive Officer, The Hertz Corporation. "With today’s youth being environmentally and technologically savvy, it’s important that we harness these concepts and deliver them through the services Hertz On Demand provides to students and staff."

    Hertz On Demand was the first car share company to bring production EVs to a University campus when a Nissan LEAF was introduced to the University of Arizona’s fleet in April of this year.

    "Texas A&M University is excited to be one of the first universities in the country to have an electric vehicle in its car share fleet," said Ron Steedly, Alternative Transportation Manager, Texas A&M University. "Our partnership with Hertz enables us to offer this cutting edge mode of transportation to the Aggie community."

    Texas A&M will introduce and welcome the newest addition to their fleet, the Nissan LEAF electric vehicle from 11-1 pm CT at Texas A&M University’s Sbisa Plaza. Students, faculty and staff will be able to learn more about the Nissan LEAF and will be able to sign up for Hertz On Demand on site. The new Fiat 500 will also be on site for viewing.

    Hertz On Demand launched at Texas A&M University in April 2011 with 5 vehicles. Today, the University has over 450 members enrolled in the program, and will have 7 vehicles with the addition of the Fiat 500, and the new Nissan LEAF electric vehicle, making the fleet at Texas A&M more diversified.

    Hertz On Demand employs the latest in technology to provide a safe and superior customer service. Upon enrolling in Hertz On Demand, a member receives a smart chip enabled membership card, which gives keyless entry to any car in the fleet that the member reserves. In the car, a hands-free audio kit connects members to a Member Care Center representative should they have questions, need assistance or need to extend their rental. The in-car technology also enables Hertz On Demand to "communicate" with the vehicle, enabling representatives to unlock, engage and locate vehicles. The technologically advanced cars are also equipped with iPod connectivity, NeverLost® in-car navigation systems and EZ Pass transponders.

    For more information, visit www.hertzondemand.com, visit the Hertz On Demand Facebook page, or call Member Care Services at 877-654-4400.

    About Hertz On Demand

    Hertz On Demand, The Hertz Corporation’s (NYSE: HTZ) global car sharing club (hourly car rental program), has more than 800 vehicles, 75,000 members and more than 200 locations worldwide, including corporate offices and universities. Hertz On Demand offers vehicles in the Personal, Social and Jet Set Collections; all are available for online reservation at competitive rates. All cars are equipped with Eileo® technology, and benefits covered by the hourly rate include gas, insurance, GPS turn-by-turn navigation, 24/7 roadside assistance, 24-hour Member Care Center communication, and 180 free miles per day. For more information, visit www.hertzondemand.com.

    SOURCE The Hertz Corporation

  • Hertz Global Holdings, Inc. to Present at 2011 Citi Global Industrials Conference

    Hertz Global Holdings, Inc. to Present at 2011 Citi Global Industrials Conference

    PARK RIDGE, N.J., Sept. 20, 2011 /PRNewswire/ —

    Event:

    Hertz Global Holdings, Inc.’s (NYSE: HTZ) Chief Financial Officer Elyse Douglas to speak at the 2011 Citi Global Industrials Conference

    Time/Date:

    9:40AM (ET) on Wednesday September 21, 2011

    Internet Access:

    Hertz’s presentation will be broadcast live through an audio webcast available from the Investor Relations section of Hertz’s website, www.hertz.com/investorrelations. Presentation slides will be available for download at the site and the webcast will be available for replay until October 5, 2011.

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

    About Hertz

    The Hertz Corporation — a subsidiary of Hertz Global Holdings, Inc. — is the world’s largest general use car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 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(R), NeverLost(R) customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market in London, New York City and Paris. Hertz also 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 315 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees.

    To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.

    SOURCE The Hertz Corporation

  • Hertz is ‘Working for the Weekend’ – For You!
Multi-faceted Promotion Includes Grand Prize Car Giveaways and ‘Spin to Win’ Free Weekend Rentals

    Hertz is ‘Working for the Weekend’ – For You! Multi-faceted Promotion Includes Grand Prize Car Giveaways and ‘Spin to Win’ Free Weekend Rentals

    PARK RIDGE, N.J., Sept. 15, 2011 /PRNewswire/ — As travelers gear up for the fall drive season, The Hertz Corporation (NYSE: HTZ) today unveiled its new ‘Working for the Weekend‘ promotion which includes car giveaways and free weekend rentals. Through October 26, 2011 Hertz is giving US customers the opportunity to enter to win one of three Grand Prize car giveaways – a choice between the Dodge Challenger, Jeep Wrangler or a Chrysler 200 convertible – as well as the opportunity to ‘Spin to Win’ a variety of two and three day weekend rentals.

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

    "Our spring Weekend Getaway contest was incredibly popular, with more than 500,000 consumers visiting the site and we wanted to do something similar for people traveling this fall," commented Mark P. Frissora, Chairman and Chief Executive Officer for The Hertz Corporation. "Throughout the country, autumn is a popular drive season. With our ‘Working for the Weekend’ sweepstakes, we’re giving customers the opportunity to go from work to weekend instantaneously with free weekend giveaways while also giving three lucky entrants the opportunity to win a new car."

    In addition to the Grand Prize Sweepstakes, the ‘Spin to Win’ game allows consumers to ‘spin’ the wheel for the chance to win either a two or three day weekend rental. Featuring Horatio, Hertz’s cheeky mascot, ‘Spin to Win’ highlights the accessibility of Hertz – at the airport and in the neighborhood – with special offers and deals as well as the free weekend giveaways. And, as an added thank you to Hertz customers, select airport locations throughout the country will be distributing scratch off cards that offer attractive discounts and added value products on their next Hertz rental.

    To participate in the ‘Working for the Weekend’ promotion, US visitors to www.hertzweekend.com, complete the entry form to receive one entry into the Sweepstakes and one ‘Spin to Win’ game play for each day of the promotion. The ‘Spin to Win’ game is played instantaneously. At the end of the promotion, three entrants will be randomly selected to win the Grand Prize of a new car.

    Full terms and conditions for the ‘Spin to Win’ game and Grand Prize car giveaways can be found online at www.hertzweekend.com.

    About Hertz

    The Hertz Corporation – a subsidiary of Hertz Global Holdings, Inc. – is the world’s largest general use car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 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 Adrenaline, Prestige, and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market in London, New York City and Paris. Hertz also 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 315 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees.

    To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com.

    SOURCE The Hertz Corporation

  • Hertz Extends Exchange Offer to Acquire Dollar Thrifty

    Hertz Extends Exchange Offer to Acquire Dollar Thrifty

    PARK RIDGE, N.J., Sept. 9, 2011 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz") today announced that it has extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) ("Dollar Thrifty") for $57.60 in cash and 0.8546 shares of Hertz common stock. The exchange offer and withdrawal rights are now scheduled to expire at 12:00 midnight, New York City time, on November 1, 2011, unless further extended. The exchange offer was previously scheduled to expire at 12:00 midnight, New York City time, on September 9, 2011.

    Except for the extension of the exchange offer expiration date, all other terms and conditions of the exchange offer remain unchanged. Hertz continues to pursue its immediate goal of obtaining FTC clearance for the proposed transaction with Dollar Thrifty. As of the close of business on September 9, 2011, approximately 2,616,001 shares of Dollar Thrifty common stock had been tendered into and not withdrawn from the exchange offer.

    Stockholder questions regarding the exchange offer or requests for exchange offer documents may be directed to Hertz’s information agent for the exchange offer, Innisfree M&A Incorporated, toll-free at (877) 456-3507. Stockholder questions regarding the exchange offer may also be directed to Hertz’s dealer manager for the exchange offer, Barclays Capital, toll-free at (888) 610-5877.

    Barclays Capital, Lazard, Bank of America Merrill Lynch and Deutsche Bank Securities are acting as financial advisors to Hertz. Barclays Capital is acting as the dealer manager for the exchange offer. Cravath, Swaine & Moore LLP, Debevoise & Plimpton LLP and Jones Day are acting as legal advisors to Hertz. William Blair & Company is acting as a financial advisor to Hertz in connection with the sale of its Advantage brand.

    Contact information:

    Investors
    Leslie Hunziker
    Staff Vice President – Investor Relations
    Tel: 201-307-2337
    E-mail: lhunziker@hertz.com

    Scott Winter
    Innisfree M&A Incorporated
    Tel: 212-750-5833

    Barclays Capital
    Tel: 888-610-5877

    Media
    Richard Broome
    Senior Vice President – Corporate Affairs & Communications
    Tel: 201-307-2486
    E-mail: rbroome@hertz.com

    Steven Lipin / Jayne Rosefield
    Brunswick Group
    Tel: 212-333-3810

    About Hertz

    Hertz is the world’s largest general use airport car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 83 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, Hertz has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, Never Lost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through Hertz’s Adrenaline and Green Traveler Collections, set Hertz apart from the competition. In 2008, Hertz entered the global car sharing market in London, New York City and Paris. Hertz also 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 320 branches in the United States, Canada, China, France, Italy, Saudi Arabia and Spain.

    Additional Information

    This communication relates to the offer (the "Offer") by HDTMS, Inc. ("HDTMS"), a wholly owned subsidiary of Hertz, to exchange each issued and outstanding share of common stock (including the associated preferred stock purchase rights) of Dollar Thrifty for $57.60 in cash and 0.8546 shares of Hertz common stock. The Offer is scheduled to expire at 12:00 midnight, New York City time, on November 1, 2011, unless further extended by HDTMS. Any extension of the expiration date will be made by public announcement no later than 9:00 a.m., New York City time, on the first business day after the previously scheduled expiration date. This communication is for informational purposes only and does not constitute an offer to exchange, or a solicitation of an offer to exchange, shares of Dollar Thrifty common stock, nor is it a substitute for the Tender Offer Statement on Schedule TO or the Prospectus/Offer to Exchange included in the Registration Statement on Form S-4 (Reg. No. 333-174042) (collectively, with the accompanying Letter of Transmittal and related documents and as amended from time to time, the "Exchange Offer Documents") filed by Hertz with the Securities and Exchange Commission (the "SEC"). The SEC declared the Registration Statement related to the Offer effective on June 1, 2011. The Offer is made only through the Exchange Offer Documents.

    Security holders and investors may obtain any of the foregoing documents for free by visiting EDGAR on the SEC website at www.sec.gov or by calling Innisfree M&A Incorporated toll-free at (877) 456-3507. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THESE DOCUMENTS AND OTHER RELEVANT MATERIALS AS THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

    Forward-Looking Statements

    Certain statements contained herein constitute forward-looking statements. These statements are based on the current expectations and beliefs of Hertz and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that (1) Hertz may be unable to obtain regulatory approvals required for the Offer or may be required to accept conditions that could reduce the anticipated benefits of the Offer as a condition to obtaining regulatory approvals; (2) Dollar Thrifty stockholders may not tender a sufficient number of shares into the Offer or Hertz may otherwise be unable to consummate the Offer; (3) the length of time necessary to consummate the Offer may be longer than anticipated; (4) problems may arise in successfully integrating the businesses of Hertz and Dollar Thrifty and Hertz may not realize the anticipated synergies and other benefits following the Offer; (5) the Offer may involve unexpected costs; (6) the Hertz and Dollar Thrifty businesses may suffer as a result of uncertainty surrounding the Offer; and (7) Hertz and/or Dollar Thrifty may be adversely affected by the other risks described in the SEC reports of Hertz and Dollar Thrifty. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by Hertz. Hertz assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law.

    SOURCE Hertz Global Holdings, Inc.

  • Hertz Global Holdings, Inc. to Webcast 2011 Investor Meeting

    Hertz Global Holdings, Inc. to Webcast 2011 Investor Meeting

    PARK RIDGE, N.J., Sept. 8, 2011 /PRNewswire/ —

    Event:

    Hertz Global Holdings’ (NYSE: HTZ) Chairman and Chief Executive Officer Mark P. Frissora, and other members of senior management, will present an overview of the company’s operational and financial strategy at the company’s annual investor meeting.

    Time/Date:

    8:00 AM (ET) on Tuesday, September 13, 2011

    Internet Access:

    Hertz’s presentation will be broadcast live through an audio webcast available from the Investor Relations section of Hertz’s website, www.hertz.com/investorrelations.

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

    ABOUT THE HERTZ CORPORATION

    The Hertz Corporation — a subsidiary of Hertz Global Holdings, Inc. — is the world’s largest general use car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 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 Adrenaline and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market in London, New York City and Paris. Hertz also 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 315 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees.

    To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.

    SOURCE The Hertz Corporation