ESTERO, Fla., June 30, 2016 /PRNewswire/ -- Hertz Global
Holdings, Inc. (NYSE: HTZ) has reached an agreement with
Uber Technologies, Inc. to supply its U.S. partner drivers
with cars under specified rental agreements. The agreement provides
set rates for partners, who can rent from specified off-airport
Hertz locations that give on-site support. The cars can be used for
personal driving as well as for Uber business.
Initially, Hertz is supplying partners in the Los Angeles area with other markets expected
to follow as part of the national agreement.
"This is a positive agreement for both Hertz and Uber," said
John Tague, president and chief
executive officer of Hertz Global Holdings. "Utilizing cars that
are rotating out of our consumer rental fleet creates a model that
works for Hertz and for Uber partners 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."
Uber Technologies, Inc.
Uber's mission is to make transportation as reliable as running
water—everywhere, for everyone. We started in 2009 to solve a
simple problem: how do you get a ride at the touch of a button? Six
years and over a billion trips later, we've started tackling an
even greater challenge: reducing congestion and pollution in our
cities by getting more people into fewer cars.
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.