Article: Hertz Forms Joint Venture with Magellan to Equip 50,000 Rental Cars in the US, Europe and Canada with 'Next Generation' Navigational Technology.

PARK RIDGE, N.J., Dec. 14 /PRNewswire/ -- The Hertz Corporation (NYSE: HRZ), the world's largest car rental company, and Magellan Corporation, satellite access products subsidiary of Orbital Sciences Corporation (NYSE: ORB), have announced an agreement to form an exclusive joint venture, that will oversee the expansion and operation of Hertz' popular vehicle navigation system, NeverLost(R) in rental cars throughout the US, Europe and Canada.

The joint venture will purchase from Magellan 50,000 vehicle navigation and driver information systems, utilizing "next generation" navigational technology, for installation this coming summer in Hertz' fleet, including ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!