Hertz Franchises Swiss Business to Emil Frey Group

Hertz Franchises Swiss Business to Emil Frey Group PR Newswire PARK RIDGE, New Jersey and ZURICH, October 1, 2012 PARK RIDGE, New Jersey and ZURICH, October 1, 2012 /PRNewswire/ -- The Hertz Corporation (NYSE:HTZ), the world's largest general-use car rental brand, and Emil Frey Group have signed an agreement for Emil Frey Group to join Hertz's global franchising network and purchase the Hertz car rental business in Switzerland, representing a total of 30 locations. Mark P. Frissora, Chairman and Chief Executive Officer for The Hertz Corporation, said: "Hertz is pleased to be joining forces with Emil Frey Group. A premier brand in the automotive and financing industry, Emil Frey Group is an ideal partner to operate Hertz in Switzerland, taking the growth of both businesses to the next level. In addition, Emil Frey Group's high standards of service will ensure that customers will continue to receive the superior car rental experience that we are known for around the globe." Michel Taride, President, Hertz International, added: "Hertz and Emil Frey Group each have a strong heritage in both Switzerland and Europe, with a long track record of innovation and customer service. Through our partnership, we will accelerate the growth of Hertz in Switzerland, as well as further strengthen our worldwide franchising network. The Emil Frey Group agreement reaffirms Hertz's vision of being the global leader in mobility solutions in all markets.