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Current Events > Looks like Hertz Rental might be headed for Bankruptcy.

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King Rial
05/21/20 5:49:06 PM
#1:


https://www.wsj.com/articles/hertz-lenders-brace-for-losses-from-formerly-triple-a-bonds-11589992344

I like them over Enterprise because they are much cheaper for the same vehicles.
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Were_Wyrm
05/21/20 5:49:18 PM
#2:


That hertz

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DrizztLink
05/21/20 5:49:47 PM
#3:


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Fenrimis
05/21/20 5:56:44 PM
#4:


I work for Enterprise, and were struggling too - laid off about half our workforce and my managers all got fired.

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KiwiTerraRizing
05/21/20 5:57:05 PM
#5:


The curse of OJ

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Bio1590
05/21/20 5:57:56 PM
#6:


Not surprised, never really understood how there managed to be so many companies in such a niche market.
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Monolith1676
05/22/20 11:06:01 PM
#7:


Jobs are gonna be harder to get once this is all said and done.

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The_Bitcoin
05/22/20 11:08:27 PM
#8:


This is bad - those Avis fucks will get stingy
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#9
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BignutzisBack
05/22/20 11:11:27 PM
#10:


I have a stupid question, in a situation like this do they have to immediately close down every Hertz location after declaring bankruptcy?

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FrankGoreHOF
05/22/20 11:15:02 PM
#11:


Damn, I'm a gold member

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Kastrada
05/22/20 11:20:20 PM
#12:


What will happen to Hertz Doughnuts tho?

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JuanCarlos1
05/22/20 11:22:20 PM
#13:


I imagine tourism is like more than 90% of their business...its gonna be a while for things to go back to normal.

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ToadallyAwesome
05/22/20 11:28:12 PM
#15:


I worked for Hertz 10 years ago. It was bad. All my co workers had been there for years and knew all these tricks to basically fuck over the customer and thats how they would get bonuses.

Overall shady company

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TomNook20
05/22/20 11:34:45 PM
#16:


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UnholyMudcrab
05/22/20 11:50:56 PM
#17:


BignutzisBack posted...
I have a stupid question, in a situation like this do they have to immediately close down every Hertz location after declaring bankruptcy?

Depends on the type of bankruptcy. Chapter 7 means liquidation of the business, while chapter 11 means they keep control.
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Trumpo
05/22/20 11:52:11 PM
#18:


Cheap newish cars here we go
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Fenrimis
05/23/20 1:47:24 PM
#19:


JuanCarlos1 posted...
I imagine tourism is like more than 90% of their business...its gonna be a while for things to go back to normal.
Typically its somewhere around 50% Insurance, 30% retail, 20% corporate (obviously rough estimates). Corporate and Retail has come to a screeching halt and even insurance rentals are down because people aren't going out and crashing their cars since they're staying home.

Avis/Budget don't do insurance rentals but Hertz and Enterprise did. Enterprise is hurting hard af right now too but they're gonna end with a monopoly on the market in the end.

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