Dollar Thrifty Automotive Group Signs Long-Term Vehicle Supply Agreement With Ford Motor Company

Dollar Thrifty Automotive Group Inc. (DTAG) announced Feb.11 that it has executed a secondary vehicle supply agreement with Ford Motor Company that will allow DTAG to source a portion of its annual vehicle purchases through Ford until August 2012. The multi-year agreement will supplement DTAG’s primary supply agreement with the Chrysler Corporation. Purchases will begin with the 2009 model year.

"We are pleased to have Ford as a long-term supplier. As we work to satisfy our customers' varied rental needs, this agreement provides us access to a broader array of product offerings, such as long wheel based vans. Additionally, it provides us a solid secondary source for program vehicles," said Scott L. Thompson, president and chief executive officer.

Currently, DTAG's primary vehicle supply agreement with Chrysler—which remains in effect through the 2011 model year—requires the company to purchase at least 75 percent of its vehicles from Chrysler to obtain certain agreed upon volume incentive payments.

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