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Ford Considers Sale of HERC

May 1, 2002 12:00 PM

PARK RIDGE, N.J. — Ford Motor Co. and Hertz announced last month that they are evaluating the sale or partial disposition of Hertz Equipment Rental Corp., a wholly owned subsidiary of the Hertz Corp. Ford has retained J.P. Morgan to assist with this evaluation.

Park Ridge, N.J.-based HERC is No. 3 on the RER 100. In addition to North America, HERC is one of Europe's largest rental companies, operating primarily in France and Spain.

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