Hertz has filed for bankruptcy. The rental-car giant — which also operates the Dollar, Thrifty and Firefly brands — has been devastated by the plunge in travel since the coronavirus pandemic hit.
The company has been renting cars since 1918, when it set up shop with a dozen Ford Model Ts, and has survived the Great Depression, the virtual halt of US auto production during World War II and numerous oil price shocks. By declaring bankruptcy, Hertz says it intends to stay in business while restructuring its debts and emerging a financially healthier company.
with the goal to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic and Hertz' ongoing operating and financing requirements."The company had a total of 568,000 vehicles and 12,400 corporate and franchise locations worldwide at the start of this year. About a third of those locations are at airports.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hertz preparing to file for bankruptcy as soon as Friday night: WSJCar rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.
Weiterlesen »
What's on TV Friday 'Friday Night: The Morgans'; coronavirusWhat's on TV Friday, May 22: 'Friday Night In With the Morgans'; coronavirus; AKA Jane Roe; TV Talk Shows; Movies on TV
Weiterlesen »
WSJ News Exclusive | Rental-Car Company Hertz Files for BankruptcyOne of the nation’s largest car-rental companies entered chapter 11 proceedings hoping to survive a drop-off in ground traffic from the pandemic and avoid a forced liquidation of its vehicle fleet.
Weiterlesen »
Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
WSJ News Exclusive | Hertz Preparing Bankruptcy Filing as Soon as This WeekendA bankruptcy, expected as soon as Friday night, would make Hertz one of the highest-profile corporate defaults yet stemming from the coronavirus pandemic’s impact on American travelers.
Weiterlesen »