ESTERO, Fla., June 30, 2016 /PRNewswire/ -- Hertz Global
Holdings, Inc. (NYSE: HTZ) has reached an agreement with
Lyft to supply its U.S. drivers with cars under specified rental
agreements, expanding upon two pilot markets where Hertz and Lyft
have partnered together since November
2015. Built on the model used in pilots in Las Vegas and Denver, the agreement provides set rental
rates for drivers, who will be serviced from dedicated off-airport
Hertz locations that give on-site support. The cars can be used for
both Lyft business and personal driving.
In addition to Las Vegas and
Denver, Hertz will begin renting
cars to Lyft drivers in Los
Angeles and San Francisco
with more markets expected to follow as part of the national
agreement.
"This agreement builds on the work we've been doing with Lyft
for the past eight months," said John
Tague, president and chief executive officer of Hertz Global
Holdings. "Based on that experience, Hertz and Lyft were ready to
take the next step, which resulted in this U.S. supply
agreement.
"Utilizing cars that are rotating out of our consumer rental
fleet creates a model that works for Hertz and for Lyft drivers by
providing them with well-maintained, good condition cars. We
consider this agreement to be largely complementary to our car
rental business, and it enables us to leverage our fleet and
distribution infrastructure to participate in the dramatic growth
in the ride sharing, or e–hailing, segment."
About Lyft
Lyft was founded in June 2012 by
Logan Green and John Zimmer to reconnect people and communities
through better transportation. Lyft is the fastest growing
rideshare company in the U.S and is available in more than 200
cities. Lyft is preferred by drivers and passengers for its safe
and friendly experience, and its commitment to affecting positive
change for the future of our cities.
Hertz Global
Hertz Global Holdings operates the Hertz, Dollar, Thrifty and
Firefly car rental brands in approximately 10,000 corporate and
licensee locations throughout approximately 150 countries in
North America, Europe, Latin
America, Asia, Australia, Africa, the Middle
East and New Zealand. Hertz
Global Holdings is the largest worldwide airport general use car
rental company with approximately 1,635 airport locations in the
U.S. and more than 1,320 airport locations internationally. Product
and service initiatives such as Hertz Gold Plus Rewards,
NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered
through the Adrenaline, Dream, Green and Prestige Collections set
Hertz Global Holdings apart from the competition. Additionally,
Hertz Global Holdings owns the vehicle leasing and fleet management
leader Donlen Corporation, operates the Hertz 24/7 hourly car
rental business in international markets and sells vehicles through
its Rent2Buy program. For more information about Hertz Global
Holdings, visit: www.hertz.com.
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SOURCE Hertz Global Holdings, Inc.