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Author Topic: Rental car giant Hertz files for bankruptcy  (Read 55 times)

Offline y04185

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Rental car giant Hertz files for bankruptcy
« on: May 23, 2020, 12:47:30 PM »
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Hertz Global Holdings Inc., one of the nation’s largest car-rental companies, filed for bankruptcy protection Friday, saddled with about $19 billion in debt and nearly 700,000 vehicles that have been largely idled because of the coronavirus.

The Estero, Fla.-based company entered chapter 11 proceedings in the U.S. Bankruptcy Court in Wilmington, Del., hoping to survive a drop-off in-ground traffic from the pandemic and avoid a forced liquidation of its vehicle fleet.
Fayetteville State by choice. Bronco by the Grace of GOD.

Offline soflorattler

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If capitalism is so great, why does it need to be bailed out by socialism every ten years?


 

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