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Hertz Expands Into China Another First for the Global Car Rental Leader

PRNewswire
PARK RIDGE, N.J.
Mar 26, 2002

Hertz is the first global car rental company to operate in China, opening several locations in Beijing, Shanghai and Guangzhou. Hertz signed an agreement with China National Automobile Anhua (Tianjin) International Trade Company (CNAA) which is Hertz' licensee in China. Hertz will operate in China under the trade name "Hertz China".

Hertz China has rental locations in downtown Beijing, Shanghai, and Guangzhou, and at Beijing Capital Airport (addresses below), and a rental fleet with a range of domestic, imported and joint venture vehicles. Customers may rent or lease chauffeur-driven vehicles, with 48-hour advance notice, and customers with a Chinese national license may also rent or lease on a self-drive basis. Rate and reservation information is available by contacting your travel agent, or by calling 1-800-654-3001 or, in China, by calling a nationwide, toll-free number, 8008108883. U.S. Travel agents can contact Hertz at 1-800-654-8881.

Brian J. Kennedy, Hertz Executive Vice President for Marketing and Sales, said "The agreement with CNAA makes Hertz the first global car rental company to operate in the promising Chinese market. The agreement pairs the leading worldwide car rental company with a quality, local firm, an arrangement that should result in more business in China as well as more overseas Hertz rentals by Chinese businesspeople, tourists, and officials."

Li Gang, President of CNAA, said, "Car rental customers in China are sophisticated and expect the highest quality products and services. Our local strength, combined with Hertz' superior products and services, enables us to offer the best car rental experience for our business and leisure customers in 3 major Chinese cities."

Wong Soon Hwa, Hertz Managing Director, Asia & Japan, added, "There is growing demand for car rental services by local and multi-national companies. What China lacks today is a world-class car rental company that offers products and services locally and globally. With CNAA's local presence and Hertz' international operations, our Chinese customers will receive the highest levels of service in major Chinese cities and across our extensive worldwide network."

  Hertz China locations will be at the following addresses:

  BEIJING

  North Anhua Mansion
  No 8 Yinghua West St., Chaoyang District, Beijing, China 100029

  Jian Guo Hotel
  No 5 Jian Guo Men Wai Da Jie, Beijing, China 200120

  Beijing Capital Airport
  Car Parking Building Terminal 2, Capital Airport, Beijing, China 100621

  SHANGHAI

  Pudong Shanghai New Construction Tower Co., Ltd.
  500 Pudong South Road, Shanghai, China 200120

  Hotel Equatorial Shanghai
  No 65 Yanan Road West, Shanghai, China 200040

  Chang Feng Center
  Room 306, Changfeng Center No 1088 Yanan Road West, Shanghai, China
  200052

  Lobby, Huamao Hotel, No. 2550 Hongqiao Road, Shanghai 200335

  GUANGZHOU

  Jingxing Hotel
  1st Floor, No 89 Linhe West Road, Tianhe District, Guangzhou, China
  510610

Hertz is the world's largest and oldest car rental company, founded in 1918 in Chicago, Illinois, USA. Hertz, a wholly owned subsidiary of Ford Motor Company, operates in 144 countries at over 7000 locations.

SOURCE: Hertz

Contact: Richard Broome of Hertz, +1-201-307-2486