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Hertz Board Forms Special Committee to Evaluate Ford Stock Purchase

26 September 2000

Hertz Board Forms Special Committee to Evaluate Ford Stock Purchase Proposal

    PARK RIDGE, N.J., Sept. 25 The Hertz Corporation
announced today that its Board of Directors has formed a Special
Committee to consider the previously announced proposal from Ford Motor
Company to acquire, through a merger, all of the outstanding shares
of Hertz' stock that are not currently owned by Ford at a cash price of
$30 per share of Hertz Class A common stock.  Ford currently owns
approximately 81.5% of Hertz' common stock.
    The Special Committee is comprised of Louis C. Burnett, Managing Partner,
Secura Burnett Company LLC;  Michael T. Monahan, President, Monahan
Enterprises, LLC and Chairman, Munder Capital Management; and John M.
Thompson, Vice Chairman of the Board, IBM Corporation.