Hertz Global EV Partners With CODA Automotive(TM) to Bring 100% Electric CODA Sedan to Fleet in 2011

The Hertz Corporation (NYSE: HTZ), the world's largest general use airport car rental brand, today announced a joint partnership with CODA Automotive, a car manufacturer that specializes on all-electric vehicle, to bring, by the beginning of 2011, its new four-door, five-passenger all-electric CODA Sedans™ to Hertz's California locations as part of the Hertz Global EV program. 

"Hertz's partnership with CODA Automotive is another element of our long term strategy to provide consumers with electric vehicle access on a global scale," said Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "As we continue to build out our EV and PHEV infrastructure, we get closer to making electric vehicle travel an everyday reality."

As announced in September, Hertz Global EV will be the first company to provide a range of all-electric vehicles and charging stations on a rental and car-sharing basis at global scale. The CODA Sedan will join vehicles from Nissan and other manufacturers as part of Hertz Global EV's diverse fleet. With a range of 90 to 120 miles per charge during all seasons, the CODA Sedan is designed to be plugged straight into a standard household unit, among other charging options, for a seamless experience.

Kevin Czinger, Chief Executive Officer of CODA Automotive said, "CODA Automotive and Hertz share the goal of bringing EV technology to the everyday consumer and making electric-vehicle travel easy and seamless. Hertz has the industry expertise and extensive global network, and we have a revolutionary vehicle and unmatched devotion to the all-electric platform -- together it's a winning combination."

As the world's largest general-use airport car-rental brand, Hertz is uniquely positioned to introduce multiple groups of consumers -- urban drivers, university students, travelers, and corporations -- to the all-electric vehicle.