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Hertz and Penske Enter Franchise Agreement for Memphis Market

The agreement is part of Hertz’s plan to switch select corporate markets to franchisee operations, according to the announcement. Hertz Chairman and CEO Mark Frissora said that the franchise agreement between the two companies is expected to grow into other markets ‘over time.’

Dealership Says It Survived Recession on Rentals

In East Ridge, Tenn., a car dealership felt the quake of the recession, but after starting a rental car business, the family-owned dealership now runs a rental car fleet of almost 50 vehicles.

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