The bankruptcy filing by Hertz threatened to dump a glut of trucks and cars onto the used vehicle market if the company did not find a way to survive.
In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.
$1.65 billion borrowed is more than rental car company had been seeking
Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall
Comcar, Hertz, and Uber all facing financial woes. Dooner and The Dude explore on today’s episode of WHAT THE TRUCK?!?
Travel bans, shelter-in-place orders and virtually no demand for rental cars created a domino effect that is hammering the auto industry amid the coronavirus pandemic.
