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Hertz takes minority stake in China Auto Rental

Dennis Schaal

Skift Take

Expanding in China and partnering with a local, established company seems like a no-brainer for Hertz.

The Hertz Corp. (HTZ) announced that it will invest in China Auto Rental or CAR, China's largest car rental service provider. Hertz will acquire a stake of approximately 20%, on a fully diluted basis, in C

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