United Kingdom  

Car Rental Company Hertz Files For Bankruptcy Protection

Video Credit: CBS 2 New York - Duration: 00:23s - Published
Car Rental Company Hertz Files For Bankruptcy Protection

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.

0
shares
ShareTweetSavePostSend
 

Related news from verified sources

Hertz awards over $16 million in retention bonus to key executives

U.S. car rental company Hertz Global Holdings said on Tuesday it has paid about $16.2 million in...
Reuters - Published

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

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection...
Reuters - Published Also reported by •BBC NewsTamworth Herald



You Might Like


Tweets about this


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 has been renting cars since 1918, but on Friday night, the company filed for bankruptcy.

Credit: Cover Video     Duration: 01:28Published