India  

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.
0
shares
ShareTweetSavePostSend
 
Video Credit: Wibbitz Studio - Published
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...

You Might Like


Related videos from verified sources

Hertz Tells Landlords Not To Expect Rent for Six Months [Video]

Hertz Tells Landlords Not To Expect Rent for Six Months

Hertz declared bankruptcy on May 22. Business Insider says the company has $19 billion in debt. The car rental company told its landlords days it would not pay them rent for the next six..

Credit: Wochit     Duration: 00:29Published
Hertz Files For Bankruptcy [Video]

Hertz Files For Bankruptcy

Hertz Files For Bankruptcy

Credit: Wochit Business     Duration: 00:28Published
Car Rental Company Hertz Files For Bankruptcy Protection [Video]

Car Rental Company Hertz Files For Bankruptcy Protection

The rental-car company Hertz, hit hard by the pandemic, has filed for bankruptcy protection. The Florida-based company blames major debt and a drastic drop in business. CBS2's Cindy Hsu reports.

Credit: CBS 2 New York     Duration: 00:23Published

Tweets about this