Hertz seeks bankruptcy loan as rental volume slowly recovers

Hertz rental car return lot sign — Hertz plans to shrink its U.S. fleet by at least another 182,000 vehicles after selling off 100,000 cars in June and July. (BLOOMBERG/Bloomberg)

By:

DAVID WELCH

By:

Bloomberg

August 11, 2020 10:10 AM

Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back.

Featured Stories

GM CEO Mary Barra’s 2024 compensation rises to $29.5 million

How Mungenast Acura used Internet savvy, inventory management to climb Acura rankings

Subaru reveals name — and little else — about new 2-row EV that will debut at New York auto show

Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends

Latest News

GM CEO Mary Barra’s 2024 compensation rises to $29.5 million

Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends

Daily 5 report for April 11: Tariffs force UAW President Shawn Fain to walk a political tightrope

Live updates on tariffs: Mitsubishi holds imports at ports

Staying current is easy with newsletters delivered straight to your inbox.

See More in Used Cars

CarMax says Q4 net income surged 79% but stock slips on missed expectations

Lithia pursuing stronger used-vehicle sales volume in 2025

Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.

Daily 5 report for Feb. 26: Used-car prices surge after the L.A. wildfires; GM dividend boost yields yawns on Wall Street

Staying current is easy with newsletters delivered straight to your inbox.