Hertz and Donlen Leaders to Deliver Opening Keynote at 2012 Car Rental Show
Hertz and its subsidiary Donlen Corporation provide mobility solutions ranging from hourly car sharing rentals to multi-year leases
Dec 13, 2011
PARK RIDGE, N.J., Dec. 13, 2011 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ), the world's largest general use airport car rental brand, and its subsidiary, Donlen Corporation, one of the nation's largest vehicle leasing companies, are pleased to announce their participation in the 2012 Car Rental Show. Hertz Chairman and Chief Executive Officer, Mark P. Frissora, and Donlen's CEO, Gary Rappeport, will jointly deliver the show's opening keynote address.
"Hertz's mission is to offer consumers the widest range of mobility solutions, with products and services today including hourly, daily, weekly, and monthly vehicle rentals, as well as, with the acquisition of Donlen Corporation this year, business fleet management solutions, including multi-year leases," commented Mr. Frissora. "Hertz and Donlen have now joined forces and we're developing an even wider range of mobility and related fleet services solutions than we had initially anticipated. We're excited to participate in the 2012 Car Rental Show and I am pleased to partner with Gary to share our key learnings and insights about the convergence of vehicle mobility solutions with the show's attendees," he added.
In their joint address, Frissora and Rappeport will discuss the imminent convergence of auto rental with other vehicle solutions ranging from car sharing, traditional car rental and long-term auto, truck and equipment rental and leasing. Hertz completed a $900 million acquisition, including fleet financing, of Donlen in September 2011.
"The synergies between car rental and corporate fleet management are numerous and the Hertz/Donlen relationship has proven to be beneficial for our customers as well as each company," commented Mr. Rappeport. "Addressing the 2012 Car Rental Show will provide us with a platform in which to share our knowledge with our colleagues in the industry."
Presented by Auto Rental News and the American Car Rental Association (ACRA), the 2012 Car Rental Show is the annual opportunity for the industry to come together and learn how to capitalize on the rapid changes in today's economic environment. The educational show consists of a topnotch repertoire of speakers representing all corners of the industry who will address the burning issues facing the market today. Topics and issues include tapping into and optimizing the financing options available to the marketplace, OEM relationship management, and car rental pricing.
"By developing a range of services beyond traditional car rental, the auto rental industry can no longer be viewed as a standalone transportation option, but an integral part of the total mobility solution," says Chris Brown, executive editor of Auto Rental News. "We are eager to hear from these two industry leaders and how they are impacting the conversation on how we get around."
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. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in fleet leasing and management services.
SOURCE The Hertz Corporation
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