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Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

Reuters India Saturday, 23 May 2020 ()
The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.
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News video: Hertz Files for Bankruptcy

Hertz Files for Bankruptcy 01:24

Hertz Files for Bankruptcy Hertz has been renting cars since 1918, but on Friday night, the company filed for bankruptcy. Hertz, via statement Hertz, via statement According to CNN Business, two-thirds of rental car industry revenue comes from rentals at airports. These types of rentals have seen a...

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