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Hertz is bankrupt, and the effects will flow throughout the car business

from New York Magazine

Hertz is bankrupt, and the effects will flow throughout the car business New York Magazine Like a lot of the companies that have gone bankrupt during the coronavirus crisis, rental-car giant Hertz had preexisting conditions. The company had gone through four CEOs since 2014, made questionable decisions about which cars to buy, and taken on too much debt. The interaction of a collapse in rental-car demand and a fragile debt structure is what finally did the company in. READ MORE

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