Car rental giant & pioneer HERTZ files for bankruptcy protection as Covid-19 dries up businesses ...United Arab Emirates

Russia Today - Economy
Car rental giant & pioneer HERTZ files for bankruptcy protection as Covid-19 dries up businesses
source : Russia Today ( United Arab Emirates ) () 70
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. Corporations worldwide have struggled to stay afloat during the health crisis. The company announced on Friday that it had filed for bankruptcy protection in the United States while it restructures its debts. The car rental service will continue its global operations, which span from the US to New Zealand.  Explaining the decision, Hertz said in a press release that “the impact of Covid-19 on travel demand was sudden and dramatic, causing an abrupt decline

Hence then, the article about car rental giant pioneer hertz files for bankruptcy protection as covid 19 dries up businesses was published today ( ) and is available on Russia Today ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Car rental giant & pioneer HERTZ files for bankruptcy protection as Covid-19 dries up businesses )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

A New Solar Breakthrough Could Make Wood Part of the Energy Grid

before 58 minute

U.S. States Retreat From Climate Goals as Costs Surge and Federal Support Fades

before 2 hours & 56 minute

Senate panel schedules vote to advance Warsh as Powell probe dropped

before 4 hours & 3 minute

Africa: Ruto Urges Africa to Mobilise Domestic Capital, Warns Foreign Funding Delays Infrastructure Projects

before 5 hours & 19 minute

Japan announces release of additional Oil reserves starting in early May

before 6 hours & 54 minute

Petroleum minister, Elsewedy Electric CEO probe Ain Sokhna phosphate project

before 7 hours & 13 minute

Don’t tell your AI chatbot these 5 things to keep your money safe

before 8 hours & 51 minute

Pony.ai Announces New Generation Autonomous Driving Compute Platform Built on NVIDIA DRIVE Hyperion

before 10 hours & 18 minute

WisPaper Enables Parallel Scientific Exploration, Moving Research Beyond Sequential Workflows

before 12 hour & 11 minute

Silicon Valley Stars Gather for Dreame's San Francisco Debut

before 13 hour & 41 minute

Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, Michigan

before 18 hour & 38 minute

Labor & Employment Attorneys, at Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Suit Against USP Sacramento, Inc., for Alleged Failure to Pay Accurate Wages

before 19 hour & 17 minute

Infrastructure Funds Now Capture 77% of New Climate Capital

before 19 hour & 44 minute

Z Squared Announces Completion of Business Combination with Coeptis Therapeutics and Listing on the Nasdaq Global Market

before 20 hour & 31 minute

Aluminum Market Faces Largest Supply Shock Since 2000, Mercuria Warns

before 21 hour & 37 minute