The Associated Press
Hertz and its subsidiaries will continue to operate, according to a release from the company. Hertz's principal international operating regions and franchised locations are not included in the filing, the statement said. “No business is built for zero revenue,” former CEO Kathryn Marinello said on the company’s first-quarter earnings conference call May 12. “There’s only so long that companies’ reserves will carry them.”
In a note to investors in late April, Jefferies analyst Hamzah Mazari predicted that rival Avis would survive the coronavirus crisis but Hertz had only a 50-50 chance “given it was slower to cut costs.” Deutsche Bank analyst Chris Woronka credited Marinello with reigniting Hertz's revenue growth, writing in a note to investors that it rose 16% in 2018 and 2019 combined.
Any news on the related companies of Hertz Global Holdings.... Dollar and Thrifty?
So sad 😞 used to rent from them 😢
they were too expensive anyways. every time i hit a deer. My insurance would only pay for enterprise.
wanna make four digits real quick❓👀💰💯🇺🇸🇨🇦..dm”HOW “.no upfront fee needed
now that lyft isn't driving all their vehicles by being a recruitment firm for their auto loans
That shit was way too expensive anyway.
So they took money and now ran?
Terrible news. I used Hertz and its affiliated companies frequently and it was 99% positive.
Worth noting the keyword bankruptcy ... “protection”. Way to go take the money and start a new company!
Are we surprised? The whole damn economy is dying.
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Hertz files for bankruptcyHertz has filed for bankruptcy. The rental-car giant — which also operates the Dollar, Thrifty and Firefly brands — has been devastated by the plunge in travel since the coronavirus pandemic hit. The company has been renting cars since 1918, when it set up shop with a dozen Ford Model Ts, and has survived the Great Depression, the virtual halt of US auto production during World War II and numerous oil price shocks. They should have bought the all-inclusive insurance! This hurts
Source: CNN - 🏆 4. / 95 Read more »
WSJ News Exclusive | Hertz Preparing Bankruptcy Filing as Soon as This WeekendA bankruptcy, expected as soon as Friday night, would make Hertz one of the highest-profile corporate defaults yet stemming from the coronavirus pandemic’s impact on American travelers. 'just stay home bro' now imagine how bad small businesses are doing. Hertz don't it That Hertz man
Source: WSJ - 🏆 98. / 63 Read more »
Hertz filing for bankruptcy as early as this weekend: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I remember being at a Hertz location in Denver. Hundreds were stranded who had reserved cars, yet the location had none. It seems like a poorly run business. Surprised Hertz didnt disappear 2 years ago, who rents cars now? I feel for the employees, but not for the company. They ran a scam business when it came to all the “extras” and their high pressure dishonest sales tactics
Source: BusinessInsider - 🏆 729. / 51 Read more »
WSJ News Exclusive | Rental-Car Company Hertz Files for BankruptcyOne of the nation’s largest car-rental companies entered chapter 11 proceedings hoping to survive a drop-off in ground traffic from the pandemic and avoid a forced liquidation of its vehicle fleet. yet they survived oj simpson Hertz Global Holdings Inc filed for bankruptcy in Delaware . Many companies will need and get bailout funds
Source: WSJ - 🏆 98. / 63 Read more »
Hertz preparing to file for bankruptcy as soon as Friday night: WSJCar 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. ooph that hertz Guess Avis really DOES try harder? For those waiting on that perfect Chevy Cruze or Chrysler 200 deal, this is your olympics.
Source: Reuters - 🏆 2. / 97 Read more »
Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Lol ahhhh hah that’s what you get for that punk ass smoking fee lol Damn, another one falls to the curse of the avocado toast habit. Someone will buy Hertz, maybe DollarCars will for $1 a share 👊🏻
Source: BusinessInsider - 🏆 729. / 51 Read more »