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Hertz's Late-Night Bankruptcy Filing Sends Ripples Through The Auto Industry

Jalopnik
 2020-05-23

Cover picture for the articleAfter weeks of hardship due to decimated demand, the car rental giant Hertz filed for Chapter 11 Bankruptcy late Friday night. Hertz has been struggling to keep its head above water since the Covid-19 crisis began, and it seems the company has held out for as long as it could. Its fleet of used cars are now hitting the market, and one company’s misfortune will soon become some car buyer’s killer deal.

jalopnik.com

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