Hertz Files For Bankruptcy, Stunning US Automakers As Leaders Scramble For Solutions  ForbesView Full coverage on Google News
Late last night, Hertz filed for bankruptcy. How's that going to impact the economy, automakers...and you?Late last night, Hertz filed for bankruptcy. How's that going to impact the economy, automakers...and you?

Hertz Files For Bankruptcy, Stunning US Automakers As Leaders Scramble For Solutions

The company said the coronavirus pandemic had led to an "abrupt" decline in bookings.The company said the coronavirus pandemic had led to an "abrupt" decline in bookings.

Hertz: Car rental firm files for US bankruptcy protection - BBC News

COVID-19's ripple effects through the economy have pushed Hertz toward the inevitable.COVID-19's ripple effects through the economy have pushed Hertz toward the inevitable.

Hertz Shares Plummet 46% on Report of Imminent Bankruptcy | The Motley Fool

“Video: Mishaps during making of Hertz “driver’s seat” commercial in Jack Lemmon’s “Good Neighbor Sam” (1964) (2 mins.): https://t.co/wZkEtLLKqd”

Michael Beschloss on Twitter: "Video: Mishaps during making of Hertz “driver’s seat” commercial in Jack Lemmon’s “Good Neighbor Sam” (1964) (2 mins.): https://t.co/wZkEtLLKqd"

“An example of the insane deals nimble buyers can get to capitalize on Hertz fire sales “A 2020 BMW 740i for $52,949 and only 8,595 miles on the odometer, a full $5,000-$8,000 less than similar cars with similar milage in the same area.” https://t.co/RKnMle5cIG”

Danielle DiMartino Booth on Twitter: "An example of the insane deals nimble buyers can get to capitalize on Hertz fire sales “A 2020 BMW 740i for $52,949 and only 8,595 miles on the odometer, a full $5,000-$8,000 less than similar cars with similar milage in the same area.” https://t.co/RKnMle5cIG"

“Wow. This is just the beginning of massive global job losses. #Hertz https://t.co/ZHJhFCg7BR”

David Vance on Twitter: "Wow. This is just the beginning of massive global job losses. #Hertz https://t.co/ZHJhFCg7BR"

“Wow. “Hertz Files for Bankruptcy After Rental-Car Demand Vanishes” https://t.co/K0xqLygVNQ”

Warren Kinsella on Twitter: "Wow. “Hertz Files for Bankruptcy After Rental-Car Demand Vanishes” https://t.co/K0xqLygVNQ"

Hertz President Paul Stone said the pandemic pounded the Florida-based company’s business, pushing it into the Chapter 11 relief request.Hertz President Paul Stone said the pandemic pounded the Florida-based company’s business, pushing it into the Chapter 11 relief request.

Hertz, hurt by the pandemic, files for bankruptcy - New York Daily News

Facing 19-billion dollars in debt, iconic Hertz rental car company Friday filed for Chapter 11 bankruptcy, in an effort to remain in business after more than 100 years. Hertz has some 38,000 employees, and has been critically injured by the lack of people renting cars during the COVID-19 pandemic. CNBC filed this story the company's

Hertz car rental files for Chapter 11 bankruptcy reorganization

Hertz files for bankruptcy as demand for rental cars dries up – HotAir

Rental car company says it and its subsidiaries will continue to operate during restructuring after lenders refuse to extend debt paymentsRental car company says it and its subsidiaries will continue to operate during restructuring after lenders refuse to extend debt payments

Debt, coronavirus push Hertz into bankruptcy protection | The Times of Israel

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. There's been a lot of talk about the hard-hit airline industry during the coronavirus pandemic, but the decision by the United States' No. 2 car rental firm Hertz to file for bankruptcy protection Friday is just another example of how much the travel industry as a whole is reeling. Hertz, which was founded in 1918, has struggled since the pandemic severely reduced global travel, and its lenders were unwilling to grant another extension on its auto lease debt payments beyond Friday's deadline. The Associated Press notes the filing wasn't much of a surprise as the company warned in its first-quarter report that it may not be able to repay or refinance debt or have enough cash to keep operating (though it will continue to do so, along with its subsidiaries, during the process.) By the end of March, the company accrued more than $24 billion in debt and was unable to generate revenue after travel largely shut down. Around that time, Hertz laid off 12,000 workers, furloughed 4,000, cut vehicle acquisitions by 90 percent, and stopped all nonessential spending, but the moves proved too late. Read more at The Associated Press and Reuters. Tim O'Donnell

Hertz files for bankruptcy protection after pandemic halts travel

Hertz has filed for bankruptcy protection, unable to withstand the coronavirus pandemic that has crippled global travel.Hertz has filed for bankruptcy protection, unable to withstand the coronavirus pandemic that has crippled global travel.

Debt and Coronavirus Push Hertz Into Bankruptcy Protection

Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.

Coronavirus COVID-19 Lockdowns Push Car Rental Company Hertz Into Bankruptcy In US, Canada

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.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.

Hertz files for bankruptcy in U.S. after rental-car demand vanishes

Hertz Global Holdings Inc. has been at loggerheads with a key group of creditors with time running out to cut a deal that addresses missed debt payments, according to people with knowledge of the matter.

Hertz runs low on time to reach debt deal by Friday deadline

Car rental company Hertz, hard hit by the global coronavirus pandemic, has filed for bankruptcy in the United States and Canada, it announced Friday.Car rental company Hertz, hard hit by the global coronavirus pandemic, has filed for bankruptcy in the United States and Canada, it announced Friday. “The impact of Covid-19 on travel demand …

Hertz declares bankruptcy in US and Canada - Asia Times

Car Rental Goliath Hertz has seen its core business virtually disappear over the last three months due to pressure from 'ride-hailing-rivalry' and the News ArticleCar Rental Goliath Hertz has seen its core business virtually disappear over the last three months due to pressure from 'ride-hailing-rivalry' and the News Article

Hertz Car rental ceases trading and files for US bankruptcy protection as rentals evaporate in pandemic - Euro Weekly News Spain Top News News Article

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.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.

Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.

Hertz preparing to file for bankruptcy as soon as Friday night: WSJ - Reuters

Hertz, the country's leading car rental company, has officially filed for Chapter 11 court protection as it devises a plan to pay off debts.Hertz, the country's leading car rental company, has officially filed for Chapter 11 court protection as it devises a plan to pay off debts.

Hertz Files For Bankruptcy Due To Coronavirus Crisis

Hertz, one of the world’s largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand.Hertz, one of the world’s largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand.

Car rental giant & pioneer Hertz files for bankruptcy protection as Covid-19 dries up businesses — RT Business News

The largest US car rental firm, Hertz Global Holdings, filed for bankruptcy protection on Friday, with nearly 19 billion dollars of debt.The largest US car rental firm, Hertz Global Holdings, filed for bankruptcy protection on Friday, with nearly 19 billion dollars of debt.

Hertz files for US bankruptcy protection | NHK WORLD-JAPAN News

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Subscribe to read | Financial Times

The Chapter 11 proceedings involve the company’s US and Canadian subsidiaries and don’t include its international operationsThe Chapter 11 proceedings involve the company’s US and Canadian subsidiaries and don’t include its international operations

Hertz files for bankruptcy as demand for car hire disappears - The National

WASHINGTON - The car rental company Hertz, hard hit by the global coronavirus pandemic, has filed for bankruptcy in the United States and Canada, it announced Friday.WASHINGTON - The car rental company Hertz, hard hit by the global coronavirus pandemic, has filed for bankruptcy in the United States and Canada, it announced Friday.

Virus-hit Hertz declares bankruptcy in US and Canada

Bloomberg - Are you a robot?

With the travel industry slammed to a standstill amid the pandemic, Hertz’s revenue streams vanished nearly overnight. With the travel industry slammed to a standstill amid the pandemic, Hertz’s revenue streams vanished nearly overnight.

Hertz Files for Bankruptcy as Covid-19 Brings Travel Industry to a Standstill - Barron's

With nearly $19 billion of debt and roughly 38,000 employees worldwide as of the end of 2019, Hertz is among the largest companies to be undone by the pandemic.With nearly $19 billion of debt and roughly 38,000 employees worldwide as of the end of 2019, Hertz is among the largest companies to be undone by the pandemic.

Hertz files for bankruptcy protection as pandemic demolishes car rental business

Car rental firm Hertz has filed for bankruptcy after pandemic shutdown travel, slashing its revenue to zero.Car rental firm Hertz has filed for bankruptcy after pandemic shutdown travel, slashing its revenue to zero.

Hertz was more than £15bn in debt by the end of March as travel shutdown.

A car rental company with a centre at Leeds Bradford Airport has filed for bankruptcy.A car rental company with a centre at Leeds Bradford Airport has filed for bankruptcy.

This car rental company with centre at Leeds Bradford Airport has filed for bankruptcy | Yorkshire Evening Post

The 102-year-old company will go on in New Zealand, even though US demand slumps.The 102-year-old company will go on in New Zealand, even though US demand slumps.

The company reportedly needs to make $400 million in lease payments.

Hertz could file for bankruptcy ‘as soon as this weekend': report - pennlive.com

The car-rental giant became one of the first major corporate casualties of the economic fallout from COVID-19 after entering Chapter 11 proceedings.The car-rental giant became one of the first major corporate casualties of the economic fallout from COVID-19 after entering Chapter 11 proceedings.

Hertz files Chapter 11 bankruptcy as COVID-19 pandemic crushes travel - Business Insider

The car rental firm is one of the largest purchasers of vehicles in the UAE.The car rental firm is one of the largest purchasers of vehicles in the UAE.

Hertz UAE says not affected by collapse of its US parent group - News | Khaleej Times

The rental-car industry is in shock right now after months of zero demand and virtually no business. Talks between Hertz and its creditors don’t seem to be going anywhere, leaving the company staring bankruptcy in the face. The rental-car industry is in shock right now after months of zero demand and virtually no business. Talks between Hertz and its creditors don’t seem to be going anywhere, leaving the company staring bankruptcy in the face.

It's Not Looking Good For Hertz [Updated]

Hertz Global Holdings Inc. has been in discussions with creditors in the hopes of making a deal that addresses its missed debt payments and gives the company further leeway. Rental agencies are struggling, with Hertz in the roughest shape of all. All thanks to a certain virus, business has dried up, and Hertz finds itself […]

Hertz Hits a Wall With Creditors - The Truth About Cars

Hertz has offered up some supremely cool cars to renters over the years. These are the best. Hertz has offered up some supremely cool cars to renters over the years. These are the best.

Coolest Cars Hertz Has Ever Rented Out

With lockdown measures, Hertz lost most of its revenue, forcing them to file for bankruptcy. What does a chapter 11 mean for their future?The car rental company isn't alone in struggling.

What is chapter 11 bankruptcy as Hertz UK goes bankrupt? | Metro News

Over a century old, Hertz’s business dramatically affected by travel ban in the US - OverdriveOver a century old, Hertz’s business dramatically affected by travel ban in the US - Overdrive

America’s second-largest rental car company, Hertz, files for bankruptcy - Overdrive

Over a century old, Hertz’s business dramatically affected by travel ban in the US

America’s second-largest rental car company, Hertz, files for bankruptcy

Hertz Global Holdings Inc., the US-based car rental company has filed for bankruptcy.Hertz Global Holdings Inc., the US-based car rental company has filed for bankruptcy.According to a media report, travel restrictions to contain the spread of Covid-19 and the subsequent economic collapse ...

Car-rental company Hertz files for bankruptcy | Team-BHP

(UPDATED) Car rental company Hertz cites the 'sudden and dramatic' impact of the coronavirus pandemic on travel demand(UPDATED) Car rental company Hertz cites the 'sudden and dramatic' impact of the coronavirus pandemic on travel demand

Virus-hit Hertz declares bankruptcy in U.S., Canada

Shares of Hertz Global Holdings Inc. undefined fell more than 30% in the extended session Friday after The Wall Street Journal reported the car-rental...Shares of Hertz Global Holdings Inc. undefined fell more than 30% in the extended session Friday after The Wall Street Journal reported the car-rental...

Hertz stock plunges 30% after report saying bankruptcy filing is imminent - MarketWatch

Hertz filed for Chapter 11 bankruptcy amid rising debt and a sharp drop in demand for rental cars during the coronavirus pandemic.Hertz filed for Chapter 11 bankruptcy amid rising debt and a sharp drop in demand for rental cars during the coronavirus pandemic.

Hertz files for bankruptcy amid drop in demand | TheHill

Hertz filed for Chapter 11 bankruptcy amid rising debt and a sharp drop in demand for rental cars during the coronavirus pandemic.Hertz filed for Chapter 11 bankruptcy amid rising debt and a sharp drop in demand for rental cars during the coronavirus pandemic.

Hertz files for bankruptcy amid drop in demand | TheHill

102-year-old rental car company's future is uncertain with no return to normal travel on the horizon.102-year-old rental car company's future is uncertain with no return to normal travel on the horizon.

It’s Official: Hertz Files for Bankruptcy Protection