News
Rental-Car Company Hertz Files for Bankruptcy
According to the Wall Street Journal, Hertz has filed for bankruptcy protection, is almost $19 billion in debt, and 700,000 vehicles just sitting around with the current pandemic.
According to the Wall Street Journal, “The bankruptcy is expected to be complex given the company’s vast debt and corporate structure, which includes $14.4 billion of vehicle-backed bonds at subsidiaries that aren’t part of the chapter 11 filing.”
The....