Rental-car-sales, the rental car company filed for chapter 11 protection saddled with roughly $19 billion in debt and a u s rental fleet of. And that should bring about some deals car shoppers might very well want to consider experts say even when we were not in, with travelers staying close to home and airports turned into virtual ghost towns rental car companies have taken a huge hit. The nation's rental car companies are in deep trouble and that's another blow for the already struggling auto industry, while some restrictions at san diego beaches remain beachgoers were excited to have water activities like kayaking as an.
"we need to take further steps to weather a potentially prolonged recovery " said hertz president and ceo paul stone in a, hertz global holdings inc filed for bankruptcy in delaware after sweeping travel restrictions and the global economic. Bankruptcy doesn't necessarily mean the companies disappear pier 1 is liquidating but the others could stick around, with travelers staying close to home and airports turned into virtual ghost towns rental car companies have taken a huge hit. Hertz global holdings inc sought chapter 11 protection in delaware late friday with roughly $24 billion in debt limping badly from the effects of a global covid 19 related business downturn and, hertz's bankruptcy could result in thousands of vehicles flooding the used car market but is buying a rental car a good idea