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Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry (HTZ)

Business Insider Saturday, 23 May 2020 ()
Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry (HTZ)· Hertz filed for bankruptcy Friday night after failing to reach an agreement with lenders, The Wall Street Journal first reported Friday.
· Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles, according to The Journal.
· The...
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Video credit: CBS 2 New York - Published
News video: Car Rental Company Hertz Files For Bankruptcy Protection

Car Rental Company Hertz Files For Bankruptcy Protection 00:23

The rental-car company Hertz, hit hard by the pandemic, has filed for bankruptcy protection. The Florida-based company blames major debt and a drastic drop in business. CBS2's Cindy Hsu reports.

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