Yahoo Autos Hertz Officially Files for Bankruptcy Protection
Car rental giant Hertz has filed for Chapter 11 Reorganization.
The second largest car rental firm in the U.S. had been expected to make the filing official after weeks of speculation by analysts, including those here at Autoweek, about the loss of business due to the COVID-19 pandemic.
The 102-year old company runs several businesses across the world in addition to Hertz, including Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen. The second largest car rental company in the U.S. said the bankruptcy will include the company’s U.S. and Canadian subsidiaries but not its international operations in Europe, Australia or New Zealand.
