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Penske Automotive Group, Inc.
PAG, an international automotive
retailer, today announced that it has acquired the assets and franchise rights
to become the operator of Hertz
HTZ rental car locations in certain markets
throughout Indiana. The Company will now operate more than twenty on and
off-airport locations, including the Ft. Wayne, South Bend, and Indianapolis
on-airport locations. Hertz will provide the Company with a full array of
services to help expand the market presence of the Hertz brand in Indiana
while ensuring all products and services provided meet Hertz's high-standards
of customer service.
“We are thrilled with the opportunity to expand our relationship with Hertz to
the Indiana market,” said Bud Denker, President of the Penske Car Rental
operations. “With our purchase of the Hertz-Memphis, Tennessee market in
October, 2012, this acquisition is a logical progression in our relationship.
With the lasting heritage of the Penske name in motorsports, particularly in
Indianapolis, combined with the strong legacy of the Hertz brand, I am
confident in our ability to bring a high level of customer service and
satisfaction to these locations throughout Indiana. Our expansion will allow
us to begin scaling our operations, and will help Hertz accelerate its growth
in a key market.”
“Hertz's partnership with Penske Automotive in the Memphis market has proven
successful and extending our relationship to Indiana was the logical next
step,” commented Mark P. Frissora, Chairman and Chief Executive Officer for
The Hertz Corporation. “The Penske team is creating the most valued car rental
experience in the Memphis market and we're confident they will bring the same
commitment to the Indiana car rental business. With this expanded partnership,
we're confident we'll be able to accelerate our growth throughout the region
and continue our expansion into the neighborhood market.”
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