Friday, May 22, 2020

Hertz files for bankruptcy after rental-car demand vanishes

The Chapter 11 filing allows Hertz to keep operating while it devises a plan to pay its creditors and turn around the business. The action includes the company’s U.S. and Canadian subsidiaries, but doesn’t cover Europe, Australia and New Zealand.



from Section Page News - Automotive News https://ift.tt/3glWNHF

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