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Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles

 
Anonymous Coward
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05/23/2020 12:55 AM
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Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Hertz’s business was hammered by the onset of the coronavirus, as people world-wide bunkered in at home and global travel shriveled up. Going forward, as businesses adapt by conducting meetings remotely, business travel may not return to pre-pandemic levels, according to bankers and analysts who follow Hertz.

Hertz didn’t reach a deal with creditors before entering chapter 11, heightening the risk of a full liquidation of the fleet, although the company and investors have several weeks to work out an agreement avoiding that outcome.

[link to www.foxbusiness.com (secure)]
CK Dexter Haven

User ID: 77028752
Switzerland
05/23/2020 12:58 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Hertz Donut?
Anonymous Coward (OP)
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05/23/2020 12:59 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Hertz Donut?
 Quoting: CK Dexter Haven


Ouch!
Anonymous Coward
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United States
05/23/2020 01:09 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
They should have OJ sell the cars, he can cut a good deal.
Anonymous Coward
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05/23/2020 01:10 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
I'm sure they'll ask an over price on their vehicles because they think they matter.
Crash Override 2.0

User ID: 78698328
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05/23/2020 01:11 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
5a
Great news
5a
"Decent men and women form a line and dance in time - it's a far parade”
The ghost of war, the painted whore, dial up one nine one four - it's a far parade“
- Eldritch (2009)

“... and we’re just the virus, each of us carries inside of us ...”
- King (1996)

“ —a death that we can cure."
- Bush
(Washington, D.C., Oct. 18, 2007)
Anonymous Coward (OP)
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05/23/2020 01:13 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
I'm sure they'll ask an over price on their vehicles because they think they matter.
 Quoting: Anonymous Coward 77141761


The liquidators, not Hertz would be selling them, and 700,000 is a lot to sell.

Might be some good deals.
Anonymous Coward (OP)
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05/23/2020 01:15 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
5a
Great news
5a
 Quoting: Crash Override 2.0


I hate those sleazy car rental companies with their trick contracts and hidden costs.
Crash Override 2.0

User ID: 78698328
United States
05/23/2020 01:17 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
5a
Great news
5a
 Quoting: Crash Override 2.0


I hate those sleazy car rental companies with their trick contracts and hidden costs.
 Quoting: Jon Titor ™


bump
"Decent men and women form a line and dance in time - it's a far parade”
The ghost of war, the painted whore, dial up one nine one four - it's a far parade“
- Eldritch (2009)

“... and we’re just the virus, each of us carries inside of us ...”
- King (1996)

“ —a death that we can cure."
- Bush
(Washington, D.C., Oct. 18, 2007)
Jake

User ID: 77849624
United States
05/23/2020 01:18 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Democrats will bankrupt the entire nation before they are finished.

Will get creamed in November.
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
CK Dexter Haven

User ID: 77028752
Switzerland
05/23/2020 01:23 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
19 BILLION in debt

whoa1

"Car rental giant Hertz files for bankruptcy protection with $19 BILLION of debt after share prices plummet and 10,000 staff are laid off amid the coronavirus pandemic

Hertz filed for bankruptcy protection Friday after skipping car-lease payments last month"

[link to www.dailymail.co.uk (secure)]
Anonymous Coward (OP)
User ID: 69667897
United States
05/23/2020 01:24 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Democrats will bankrupt the entire nation before they are finished.

Will get creamed in November.
 Quoting: Jake


Hertz has spent decades fucking over it's customers.
Good riddance, I say.
Get a cheap car if you can. Pay 50% of the value.
NikM755

User ID: 71632887
United States
05/23/2020 01:25 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Hertz’s business was hammered by the onset of the coronavirus, as people world-wide bunkered in at home and global travel shriveled up. Going forward, as businesses adapt by conducting meetings remotely, business travel may not return to pre-pandemic levels, according to bankers and analysts who follow Hertz.

Hertz didn’t reach a deal with creditors before entering chapter 11, heightening the risk of a full liquidation of the fleet, although the company and investors have several weeks to work out an agreement avoiding that outcome.

[link to www.foxbusiness.com (secure)]
 Quoting: Jon Titor ™


It won't help. Fleet liquidation with auto companies across the country needing to liquidate their own fleets.

Hertz is a goner.
Jake

User ID: 77849624
United States
05/23/2020 01:26 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Democrats will bankrupt the entire nation before they are finished.

Will get creamed in November.
 Quoting: Jake


Hertz has spent decades fucking over it's customers.
Good riddance, I say.
Get a cheap car if you can. Pay 50% of the value.
 Quoting: Jon Titor ™


but this is only the beginning, if they keep this up the country is over
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
User ID: 78725089
United States
05/23/2020 01:26 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Hertz’s business was hammered by the onset of the coronavirus, as people world-wide bunkered in at home and global travel shriveled up. Going forward, as businesses adapt by conducting meetings remotely, business travel may not return to pre-pandemic levels, according to bankers and analysts who follow Hertz.

Hertz didn’t reach a deal with creditors before entering chapter 11, heightening the risk of a full liquidation of the fleet, although the company and investors have several weeks to work out an agreement avoiding that outcome.

[link to www.foxbusiness.com (secure)]
 Quoting: Jon Titor ™


It won't help. Fleet liquidation with auto companies across the country needing to liquidate their own fleets.

Hertz is a goner.
 Quoting: NikM755


How many people do they employ? Im assuming they are laying people off too?
NikM755

User ID: 71632887
United States
05/23/2020 01:28 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Hertz’s business was hammered by the onset of the coronavirus, as people world-wide bunkered in at home and global travel shriveled up. Going forward, as businesses adapt by conducting meetings remotely, business travel may not return to pre-pandemic levels, according to bankers and analysts who follow Hertz.

Hertz didn’t reach a deal with creditors before entering chapter 11, heightening the risk of a full liquidation of the fleet, although the company and investors have several weeks to work out an agreement avoiding that outcome.

[link to www.foxbusiness.com (secure)]
 Quoting: Jon Titor ™


It won't help. Fleet liquidation with auto companies across the country needing to liquidate their own fleets.

Hertz is a goner.
 Quoting: NikM755


How many people do they employ? Im assuming they are laying people off too?
 Quoting: Anonymous Coward 78725089


The economy has been destroyed by central economic planning. It's likely unemployment which is already at depression era levels will stay elevated until the government does the right thing (limit the size of government), but they won't, so we'll have hyperinflation.
Anonymous Coward
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United States
05/23/2020 02:13 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
Doesn't this just prove that government mandates can and do cause businesses to go bankrupt?
Anonymous Coward
User ID: 72682909
United States
05/23/2020 02:13 AM
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Re: Hertz Goes Bankrupt And May Liquidate 700,000 Vehicles
I feel bad for any company that goes bankrupt. But...I need a van or a truck and I lost my job due to the pandemic. Hoping the prices will come down.

I wonder if all rental car companies at the airports will go belly up now??

Nobody is flying. People are doing business via zoom instead of in person...





GLP