Coronavirus COVID-19 Lockdowns Push Automobile Rental Firm Hertz Into Chapter In US, Canada

Coronavirus Shutdowns Push Car Rental Company Hertz Into Bankruptcy In US, Canada

The worldwide coronavirus pandemic has hit the automotive rental firm arduous (representational picture)

Automobile rental firm Hertz, arduous hit by the worldwide coronavirus pandemic, has filed for chapter in the USA and Canada, the corporate introduced Friday.

“The impression of COVID-19 on journey demand was sudden and dramatic, inflicting an abrupt decline within the Firm’s income and future bookings,” Hertz mentioned in a press launch.

Its essential worldwide working areas, together with Europe, Australia and New Zealand, weren’t included within the US Chapter 11 submitting.

Leave a Reply

Your email address will not be published. Required fields are marked *