Hertz 2010 Annual Report Download - page 19
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Please find page 19 of the 2010 Hertz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.ƏŔȭȒªǭƔŁȭŔɚǒƫɆȲƔǒDŽȭǒŰȭĬǒƻƻɆDŽƔĬªȲƔǒDŽȚƓȒŔƫªȲŔŁȭȲŔĬƏDŽǒƫǒſƔŔȚȭƏªȚȭĬȒŔªȲŔŁȭȲȒŔƻŔDŽƓ
ŁǒɆȚȭǒǭǭǒȒȲɆDŽƔȲƔŔȚȭȲǒȭƔƻǭȒǒɚŔȭȲƏŔȭĬªȒȭȒŔDŽȲªƫȭŔɠǭŔȒƔŔDŽĬŔǷȭ!DŽƏªDŽĬƔDŽſȭǒɆȒȭƫŔſªĬɢȭ
ǒŰȭƔDŽDŽǒɚªȲƔǒDŽȭƫŔªŁŔȒȚƏƔǭĻȭ;ŔȒȲɪȭƔȚȭªȲȭȲƏŔȭŰǒȒŔŰȒǒDŽȲȭǒŰȭȲɆȒDŽƔDŽſȭDŽŔɛȭȲŔĬƏDŽǒƫǒſɢȭƔDŽȲǒȭ
ȚĬªƫªġƫŔȭȚŔȒɚƔĬŔȭŔDŽªġƫŔȒȚǷ
ƔƓŰƔĻȭ>DŽȲŔȒDŽŔȲȭªDŽŁȭ5q{ȭȲŔĬƏDŽǒƫǒſƔŔȚȭªƫƫȭƏªɚŔȭȚǭŔĬƔŰƔĬȭªǭǭƫƔĬªȲƔǒDŽȚȭ ŰǒȒȭȭ
ȲƏŔȭĬªȒȭȒŔDŽȲªƫȭƔDŽŁɆȚȲȒɢǷȭ;ŔȒȲɪȭƔȚȭǭȒǒġªġƫɢȭġŔȚȲȭƧDŽǒɛDŽȭŰǒȒȭġŔƔDŽſȭªDŽȭŔªȒƫɢȭªŁǒǭȲŔȒȭ
ǒŰȭ5q{ȭȲŔĬƏDŽǒƫǒſɢȭɛƔȲƏȭǒɆȒȭƔDŽŁɆȚȲȒɢƓƫŔªŁƔDŽſȭZŔɚŔȒƫǒȚȲȭȚɢȚȲŔƻĻȭDŽǒɛȭ ƔDŽȭ ƔȲȚȭ ŲȲƏȭ
ſŔDŽŔȒªȲƔǒDŽǷȭŔȎɚŔȭªŁŁŔŁȭȲǒɆĬƏȭȚĬȒŔŔDŽȭĬªǭªġƔƫƔȲɢȭƔDŽȭȲƏƔȚȭƫªȲŔȚȲȭŔŁƔȲƔǒDŽĻȭªȚȭɛŔƫƫȭªȚȭ
ªȭƏǒȚȲȭǒŰȭŰɆDŽĬȲƔǒDŽªƫƔȲɢȭɆǭſȒªŁŔȚǷȭŔȭDŽǒɛȭŁŔǭƫǒɢȭZŔɚŔȒƫǒȚȲȭƔDŽȭȤŲĻɮɮɮȭǒŰȭǒɆȒȭ
ȒŔDŽȲªƫȭɚŔƏƔĬƫŔȚǷ
ǒDŽDŽŔĬȲȭġɢȭ;ŔȒȲɪĻȭǒɆȒȭĬªȒƓȚƏªȒƔDŽſȭġɆȚƔDŽŔȚȚĻȭƔȚȭƔDŽȭƔȲȚȭȲƏƔȒŁȭɢŔªȒȭªDŽŁȭªƫȒŔªŁɢȭ
ŁŔǭƫǒɢȚȭƔDŽƓĬªȒȭȲŔĬƏDŽǒƫǒſɢȭȲƏªȲȭġŔªȲȚȭȲƏŔȭĬǒƻǭŔȲƔȲƔǒDŽǷȭǒDŽDŽŔĬȲȭĬɆȚȲǒƻŔȒȚȭȒŔȚŔȒɚŔȭ
ĬªȒȚȭɚƔªȭȲƏŔȭ>DŽȲŔȒDŽŔȲĻȭªĬĬŔȚȚȭȲƏŔȭɚŔƏƔĬƫŔȭɆȲƔƫƔɪƔDŽſȭªDŽȭv4>ȭĬªȒŁȭǯɛƔȒŔƫŔȚȚȭȲŔĬƏDŽǒƫǒſɢDZȭ
ªDŽŁȭªȒŔȭĬǒDŽDŽŔĬȲŔŁȭȲǒȭ;ŔȒȲɪȭɂŹȬȤȭɚƔªȭȲƏŔȭZŔɚŔȒƫǒȚȲȭ5q{ȭȚɢȚȲŔƻȭªDŽŁȭǒDŽƓŁŔƻªDŽŁȭ
ɚǒƔĬŔȭĬǒƻƻɆDŽƔĬªȲƔǒDŽȭɛƔȲƏȭǒɆȒȭĬɆȚȲǒƻŔȒȭĬªȒŔȭĬŔDŽȲŔȒǷȭƏƔȚȭĬɆȚȲǒƻŔȒŢĬǒDŽȲȒǒƫƫŔŁȭ
ȲŔĬƏDŽǒƫǒſɢȭŰªĬƔƫƔȲªȲŔȚȭªȭȒŔDŽȲªƫȭŔɠǭŔȒƔŔDŽĬŔȭǭȒǒɚƔŁƔDŽſȭƻªɠƔƻɆƻȭŰƫŔɠƔġƔƫƔȲɢȭ ªDŽŁȭ
ĬǒƻŰǒȒȲǷȭŔȎɚŔȭªƫȚǒȭƏªȒDŽŔȚȚŔŁȭȲŔĬƏDŽǒƫǒſɢȭȲǒȭĬȒŔªȲŔȭªDŽȭƔDŽŁɆȚȲȒɢȭŰƔȒȚȲȭƔDŽȭȲƏŔȭĬªȒƓ
ȚƏªȒƔDŽſȭ ġɆȚƔDŽŔȚȚĹȭǒDŽŔȭɛªɢȭ ȒŔDŽȲªƫȚȭŰȒǒƻȭĬƔȲƔŔȚȭȲǒȭƫǒĬªƫȭªƔȒǭǒȒȲȚǷȭ ZǒɛȭĬɆȚȲǒƻŔȒȚȭ
ĬªDŽȭ ǭªɢȭªġǒɆȲȭ ŎǠɮȭ ªDŽȭƏǒɆȒȭȲǒȭȒŔDŽȲȭ ªȭ ĬªȒȭ ŰȒǒƻȭ ŁǒɛDŽȲǒɛDŽȭ ZŔɛȭ ǒȒƧȭƔȲɢȭȲǒȭȲƏŔȭ
ªƔȒǭǒȒȲĻȭªƫƫǒɛƔDŽſȭƻǒȒŔȭŰƫŔɠƔġƔƫƔȲɢȭªȲȭƫǒɛŔȒȭǭȒƔĬŔȚȭȲƏªDŽȭǒȲƏŔȒȭŰǒȒƻȚȭ ǒŰȭ ªƔȒǭǒȒȲȭ
ȲȒªDŽȚǭǒȒȲªȲƔǒDŽǷ
aɆȒȭŔƫŔĬȲȒƔĬȭɚŔƏƔĬƫŔȚȭªƫȚǒȭƏªȒDŽŔȚȚȭ5q{ȭȲŔĬƏDŽǒƫǒſɢȭȲǒȭŔDŽȚɆȒŔȭĬɆȚȲǒƻŔȒȚȭ
ƧDŽǒɛȭɛƏŔȒŔȭȲǒȭŰƔDŽŁȭªɚªƔƫªġƫŔȭĬƏªȒſƔDŽſȭȚȲªȲƔǒDŽȚĻȭªȭĬȒƔȲƔĬªƫȭŔƫŔƻŔDŽȲȭƔDŽȭſªƔDŽƔDŽſȭĬǒDŽƓ
ȚɆƻŔȒȭªĬĬŔǭȲªDŽĬŔȭǒŰȭȲƏŔȚŔȭƫŔªŁƔDŽſȭŔŁſŔȭɚŔƏƔĬƫŔȚǷ
ŔȭªȒŔȭªƫȚǒȭŁŔǭƫǒɢƔDŽſȭªȭɛƔŁŔȭªȒȒªɢȭǒŰȭƔDŽƔȲƔªȲƔɚŔȚȭɛƏƔĬƏȭƏªȒDŽŔȚȚȭƫŔªŁƔDŽſƓ
ŔŁſŔȭȲŔĬƏDŽǒƫǒſɢȭȲǒȭƔƻǭȒǒɚŔȭȲƏŔȭĬɆȚȲǒƻŔȒȭŔɠǭŔȒƔŔDŽĬŔǷȭƏŔȚŔȭƔDŽĬƫɆŁŔĹ
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ȒŔDŽȲªƫȭƔDŽŰǒȒƻªȲƔǒDŽ
īȭȭaDŽƫƔDŽŔȭĬƏŔĬƧƓƔDŽ
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