Hertz Car Rental in serious trouble
Discussion
https://www.bloomberg.com/opinion/articles/2020-05...
They are in a cash crunch and are not making payments on some of the cars they lease,. Also the fleet value has tumbled as used car prices decline in the US. They have only a few weeks to sort out financing. The whole sector is in trouble.
They are in a cash crunch and are not making payments on some of the cars they lease,. Also the fleet value has tumbled as used car prices decline in the US. They have only a few weeks to sort out financing. The whole sector is in trouble.
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