HERTZ PARTNERS WITH CHINA AUTO RENTAL
Global Leader Hertz Expands China Presence In Agreement with Country’s #1 Car Rental Company
PARK RIDGE, NJ, April 16, 2013 – The Hertz Corporation (NYSE:HTZ) and China Auto Rental (CAR) announced today that Hertz, the global car rental leader, has agreed to invest in CAR, China’s domestic market leader in short and long-term car rentals. Hertz will acquire a stake of approximately 20%, on a fully diluted basis, in CAR and hold a seat on CAR’s Board of Directors. Hertz and CAR will be co-branded at the latter’s full service rental locations countrywide, and Hertz’s car rental locations and operations in China, which will provide premium rental services in key cities, will be contributed to CAR. Hertz will continue to manage its outbound sales team in China, and its equipment rental business in the country is unaffected by this announcement.
The partnership fulfills Hertz’s objective to significantly increase its presence in the rapidly expanding car rental market in China. Additionally, Hertz and CAR will be exclusive car rental partners for inbound and outbound business, offering international corporate and leisure travelers unparalleled short and long term rental services. In 2012, China’s international travel expenditures exceeded $100 billion, #1 worldwide, and its domestic rental business is expected to grow more than 15% annually through 2016.
“As the leading global car rental brand, it’s a perfect fit for Hertz to partner with the largest and most recognized car rental company in China. China Auto Rental has the largest domestic rental footprint, with 700 locations in 66 cities, and a 50,000-vehicle fleet which is more than four times the size of its nearest competitor. Also, CAR is growing rapidly, having doubled its revenues in 2012 to $250 million, 2.5 times larger than any other domestic company,” commented Mark P. Frissora, Chairman and Chief Executive Officer of The Hertz Corporation.
“CAR’s 200% annual growth rate from 2009-2012 is 6 times higher than the market over the same period, and their 50%+ annual forecasted growth rate through 2016 is more than 3 times higher than the overall market projection. As a result, Hertz is now uniquely positioned among American and European car rental brands to support the rapidly expanding Chinese rental market, as well as CAR’s growth. Not only will CAR and Hertz be able to fulfill business and leisure rentals throughout the country, we will also provide the best rental solutions for international travelers to and from China, two markets with strong growth projections,” added Frissora.
Under the agreement, which is subject to normal closing conditions, CAR will be granted a license for an initial 5 year term to operate on behalf of Hertz in China. CAR will develop a network of full-service Hertz premium locations in key cities to complement CAR’s expanding location footprint. Taken together, the Hertz/CAR services will encompass self-drive and chauffeur-driven rentals, as well as short, medium and long-term vehicle rentals and leases. Hertz will provide CAR with access to a full array of services to support their rapidly expanding market presence, services which meet Hertz’s industry-leading standards. These include access to Hertz’s operational expertise, reservation capabilities, and fleet management efficiencies.
“Hertz has extensive industry experience, advanced technology, strong brand influence and abundant customer resources. We are very pleased to enter into a comprehensive and in-depth strategic cooperation with Hertz. I believe this alliance will further intensify CAR’s shareholder strength and reinforce CAR’s leading position in China’s car rental industry. It will to a great extent enhance CAR’s scale, branding, as well as products and services, which will bring customers at home and abroad a car rental experience of high quality and convenience,” commented China Auto Rental Chairman and Chief Executive officer, Charles Lu.
About China Auto Rental
China Auto Rental Holdings Inc. (CAR) was established in September 2007, and is headquartered in Beijing. As China’s largest car rental service provider, CAR is dedicated to providing customers across China with superior car rental services including short-term and long-term rentals, financial leasing, as well as assorted value-added services of roadside assistance, one-way rentals, etc. As of February 2013, CAR operated in 66 major cities, at 52 airports across China with approximately 700 service locations, serving more than 1 million customers and approximately 10,000 corporate clients.
HERTZ CAR HIRE SALE RETURNS WITH UP TO 33 PER CENT OFF
Hurry - until 31st January 2013, customers can save on car hire in 100 countries for travel between 2nd January and 30th June 2013
LONDON, UK – 24 December 2012 - Hertz Corporation (NYSE: HTZ), the world’s largest general use car rental brand, has announced the start of its popular winter sale to enable customers to enjoy significant savings on car rentals booked by 31st January 2013 for pick up between 2nd January and 30th June 2013. The special sale rates are available for qualifying rentals by quoting the CDP number 766952 when booking online at www.hertz.com or by telephone.
Hertz has a wide variety of vehicles available from small economical city cars to family hatchbacks and people carriers. As part of the promotion, many locations are also offering discounts on the famous Hertz Collections of sporty, luxurious, family and environmentally friendly vehicles, which are reservable by make and model.
Hertz offers a wide range of optional extras to make journeys as simple and enjoyable as possible. These services include winter equipment, child seats, NeverLost GPS, Mobile Wi-Fi and fuel purchase options. Services may vary according to the destination.
A complete list of destinations, car groups and related discounts in the sale is available on www.hertz.com. The discounts received on international car rentals in participating countries in Europe and the Middle East are up to 33 percent depending on the location, and the discount received for international car rentals in participating countries in the Americas and Asia Pacific is 20 percent. Discounts on domestic rentals are only available to customers in Europe, Middle East and Africa. All discounts are subject to availability.
Terms and conditions
Offer applies to online and phone reservations made from 24th December 2012 to 31st January 2013 quoting CDP: 766952. Qualifying rentals must start on any date from January 2, 2013 to June 30, 2013 inclusive.
Offer is valid at participating locations worldwide, subject to availability
Blackout periods may apply
This offer cannot be used in conjunction with any other discounts, offers or promotions
Discount applies to all mandatory rental costs excluding taxes, fees, surcharges and optional extras such as child seats, additional drivers and fuel, which are charged at normal rates
Offer subject to change without notice and may be withdrawn at any time. All car rentals are subject to Hertz terms and conditions
The Hertz Winter Sale offer varies across channels and websites including those provided by Hertz or jointly with any other organizations, Hertz affiliates or business partners
This offer may not be used in conjunction with any other coupon, promotion, discount or offer provided by Hertz, or jointly with any other organization or Hertz affiliate or business partner
-ENDS-
About Hertz
Hertz (www.hertz.com) is the world's largest general use car rental company, operating from over 8,650 corporate locations in 150 countries worldwide. Hertz is in its 93rd year of delivering quality car rental solutions to leisure and corporate customers. Product and service innovations such as Hertz #1 Club Gold, Worldwide Online Check-in, specially designed NeverLost® satellite navigation systems, and unique cars offered through the company’s Prestige, Family, Fun/Adrenaline and Green Collections, set Hertz apart from the competition.
Hertz Rent A...Whatever You Like
With Hertz, the journey is never just about moving from point A to point B. With strategic partnerships, we are continuing to expand our product range to offer our customers unique experiences.
Hertz Supercars — The famous McLaren MP4-12C sports car is available for rent exclusively by Hertz UK as part of a partnership with Premiere Velocity in the UK. The McLaren MP4-12C provides customers with an opportunity of a lifetime—to experience Formula One race-bred technologies on the road. A number of other exciting cars such as Lamborghini, Bentley, Maserati and Porsche are also available at the dedicated website www.hertzsupercars.com in the UK.
Hertz Motorhomes Hire — In an industry-first, Hertz has partnered with the UK’s largest motorhome hire company, Just go, to offer UK customers top quality motorhomes for rent. The luxury motorhomes are available for online booking at www.hertzmotorhomehire.com and give customers the ultimate travel experience. Each motorhome is equipped with daily essentials as well as 15-inch LCD screens, an Xbox 360 and cab air conditioning.
Hertz Rent a Boat — Hertz in the Netherlands hits the water, partnering with a local boat rental company—Boot Amsterdam B.V. The brand new Hertz Rent a Boat website www.hertz-rentaboat.nl offers our customers a wide variety of boats, including The Hertz Barge, which is for rent from €7 per person and can take up to 20 people plus a captain. Ahoy!
Hertz China Wins "Best Car Rental Awards" by China Economics Journal
Hertz China Wins "Best Car Rental Awards" by China Economics Journal
Hertz China won "Best Car Rental Awards" in National Service Public Satisfaction Survey initiated and organized by China Economics Journal. Awards ceremony was held on Nov 18 in Beijing Great Hall of the People.Besides Hertz, other winners in other service industry includes Bank of China, Haier Electronics, Intime Department Store, China Aviation Group, Volvo and other group leaders in different service fields.
Hertz China Wins PR Newswire “Outstanding Multimedia Communications Awards”
2012. Oct. 17 – Shanghai Hertz joined PR Newswire Multimedia Communication Awards ceremony at Shanghai, and be rewarded as "Outstanding Multimedia Communication" corporate
Hertz Debut in Western China International Fair with 200 sqm Booth
September 26th to 30th, 2012, Hertz debut in the Chengdu Western China International Fair with nearly 200 square meters booth. As the first exposure of Hertz in Chengdu since its setting of Chengdu branch from last year, this show attracted a large number of enterprise customers come to Hertz booth for further communication, some of them are also from other cities. The exposure of Hertz achieved lots of media reports, which involves Sichuan Daily, Chengdu Commercial Daily, CDTV 1, etc. And new business orders came soon after the show.
Corporate Customers Gathered at Hertz Booth in CBTF
Show Date：2012.11.6-7
Hertz Exposure on 2012 China International Travel Mark in US Pavilion
Show Date：2012.11.15-18
赫兹发力中国市场 战略投资神州租车
中国上海 2013年4月16日讯 全球领先的汽车租赁品牌Hertz赫兹国际汽车租赁（NYSE：HTZ）与神州租车联合宣布，赫兹将战略投资中国租车业领导品牌神州租车，持有神州租车近20%的股权并获得一个董事会席位。根据协议，赫兹与神州租车两个品牌将同时出现在双方后续的全国租赁服务门店，赫兹门店将并入神州运营系统，继续在主要城市提供高端租赁服务。赫兹将继续管理其在国内的出境租车团队，该合作也不影响其设备租赁业务。
这一战略合作将大大提升赫兹在中国迅猛发展的汽车租赁市场的影响力。此外，赫兹与神州租车也将分别成为对方在入境和出境租车服务的独家合作伙伴，为国际企业及休闲旅客提供最佳的长短租服务。2012年，中国的国际旅游支出超过了1000亿美元，位居世界第一，预计到2016年，中国的国内租车业务每年将增长15%以上。
赫兹全球总裁兼首席执行官Mark P. Frissora认为：“赫兹作为全球领先的汽车租赁品牌，与中国规模最大、最受认可的汽车租赁公司合作是个完美的选择。神州租车在全国66个城市拥有700多家门店，车队规模近50,000辆，超过最大竞争对手规模四倍。同时，神州租车业务增长迅速，在2012年实现了营业额翻番，达到2.5亿美元，是其他国内竞争对手的2.5倍。 神州租车2009年到2012年年增长率达200%，为市场同期增长的六倍，且到2016年其预期年增长率超过50%，是整体市场预期的3倍多。这使得赫兹凭借其现有国际品牌和差异化的市场定位来快速拓展中国租车市场，同时促进神州租车的增长。不仅神州租车及赫兹能够在全国范围提供商务及休闲租车服务，同时也使我们能够在增长预期最高的中国出境及入境市场为商旅人士提供最佳的租车解决方案。”
根据协议，神州租车将被授予为期5年的特许经营许可权运作赫兹在中国的租车业务。神州租车将在全国主要城市按照其发展路径，建立赫兹全方位服务高端门店网络。同事，赫兹与神州租车服务将围绕自驾和包车业务，以及短期、中期、长期车辆租赁业务。赫兹将提供神州租车一系列行业领先的技术产品与服务，涵盖赫兹专业的运营，强大的预定处理以及高效的车辆管理，以带动其高端业务的发展。
神州租车董事局主席兼首席执行官陆正耀先生表示：“我们非常高兴能与全球汽车租赁领导品牌赫兹建立深层次战略合作关系。这一合作，不仅有助于进一步优化我们的股权结构，还可使我们受益于赫兹先进的管理经验和丰富的国际资源，巩固神州租车在中国租车行业的领导地位，推动国际市场的开拓。同时，也将极大促进神州租车的规模、品牌、产品和服务的提升，为国内外客户创造更加优质、便捷的租车体验。”
关于神州租车
神州租车成立于2007年9月，总部位于北京。作为中国领先的汽车租赁服务提供商，神州租车积极借鉴国际上成功的汽车租赁模式，并结合中国客户的消费习惯，为客户提供短租、长租及融资租赁等专业化的汽车租赁服务，以及全国救援、异地还车等完善的配套服务。截至2013年2月，神州租车在国内66个主要城市和52个主要机场拥有近700个租车网点，服务个人客户过百万、企业客户近万家，是目前中国最大的全国性大型连锁汽车租赁企业。
赫兹全球优惠再度来袭！——折扣高达33%！
即日起预订2013年1月2日至6月30期间租车服务，可在全球100个国家和地区享受优惠！预订截止于2013年1月31日，快来加入吧！
【英国伦敦 - 2012年12月24日】
世界最知名汽车租赁品牌——赫兹国际汽车租赁（NYSE：HTZ），日前已宣布新一轮全球优惠正式启动，2013年1月31日前预订1月2日至6月30日之间用车服务的客人，均有机会参与并享受优惠。符合条件的租车可在电话或线上预订时使用CDP#766952以享受特惠价格。
赫兹提供从经济型城市轿车、家庭敞篷车到多人客车的广泛车型选择。作为此次促销的一部分，许多门店还针对赫兹著名的运动型、豪华型、家庭型和环保型等系列车组提供折扣优惠，这些车组可按制造商及车型预订。
为使客人的旅途更加便捷顺畅，赫兹提供多种可选服务，包括冬季设备，儿童座椅，GPS导航，手机Wi-Fi和汽油的购买选择。服务可能视不同的目的地有所变化。
赫兹已将此次季度大促所涉及的目的地范围、车组和相关折扣完整清单发布在其官方网站（www.hertz.com）上。在欧洲和中东参与活动的国家租车，视不同门店，国际租车折扣可高达33％，在美洲和亚太地区参与国家可享受20%折扣。所有折扣视车辆可用情况而定。
条款和条件
优惠适用于2012年12月24日至2013年1月31日的线上和电话预订，且取车时间在2013年1月2日至2013年6月30号之间。需使用CDP：766952；
优惠适用于全球范围内参加活动的赫兹门店，视可用情况而定；
节假日及部分时期不适用；
此优惠不可与赫兹提供的其他优惠券、促销、折扣或优惠同时使用；
此优惠不可与其他组织、赫兹分公司或业务合作伙伴所提供的优惠、折扣等同时使用；
折扣适用于所有强制性的租金成本，税费、保险费、附加费和可选服务费用除外，如儿童座椅、额外司机服务和燃油等，按正常价格收费；
赫兹保留变更和取消优惠、不另行通知的权利；
适用于赫兹标准条款和条件；
- 完 -
关于赫兹
赫兹（www.hertz.com）作为世界上最大的通用汽车租赁公司，在全球150个国家和地区设有超过8,650个门店，已持续93年向个人和企业客户提供高品质的汽车租赁解决方案。在此期间，赫兹先后推出赫兹1号俱乐部、全球性在线登记系统、特制NeverLost®卫星导航系统，组建赫兹顶级、家庭、酷趣、绿色等多种车队，凭借其产品和服务的不断创新，从租车行业竞争中脱颖而出。
无论你想租什么出行，来赫兹试试吧
与赫兹相伴，旅行从来不只是去到那里那么简单。与战略性伙伴的合作，使我们不断开拓产品范围，为顾客提供独一无二的体验。
赫兹超级跑车 – 作为与Premiere Velocity在英国合作的一部分，著名的麦克拉伦MP4-12C跑车可供赫兹英国独家出租。麦克拉伦MP4-12C为租车人提供了一个一生难得的机会，体验一次一级方程式的赛车技术。在英国，您也可以在专门的网站www.hertzsupercars.com上预定其他众多令人兴奋的车辆，如兰博基尼，宾利，玛莎拉蒂和保时捷。
赫兹房车出租 - 赫兹在行业中率先与英国最大的房车租赁公司Just go合作，向英国客户提供顶级的房车租赁。豪华房车服务可通过线上预订www.hertzmotorhomehire.com，并为租车人提供终极旅行体验。每个房车配备日常用品以及15英寸的液晶屏幕，Xbox 360和驾驶室空调。
赫兹租船 - 赫兹在荷兰涉足水上业务，与本地船只租赁公司Boot Amsterdam B.V.合作。全新的赫兹租船网站www.hertz-rentaboat.nl提供多样的船只选择，包括赫兹驳船，租金从每人7欧元至最多20欧元，另加船长费用。喂！来试试吧。
