Vehicle Supply Extended
Tulsa, OK – Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) today announced that it has extended its vehicle supply agreement with Ford Motor Company (Ford) for an additional year. The agreement will allow the Company to source a portion of its annual vehicle purchases through Ford until August 2013 and can be extended further with joint approval.
"We are very pleased with our first-year results under our Ford supply agreement and are excited about Ford's future product offerings. We continue to receive very positive feedback from our rental customers on Ford vehicles. This contract extension is a continuation of our long-term commitment to maintaining a diversified fleet," said Scott L. Thompson, President and Chief Executive Officer.
The Company previously announced that its 2010 vehicle purchases include 34% Ford, 30% Chrysler, 20% General Motors, 6% Nissan and 10% other automobile manufacturers.