Motor vehicle rental company Hertz submitted for bankruptcy protection this past Friday. The company has been unable to withstand the devastating consequences of the pandemic that has practically set an conclude to globally travel and, with it, threatened the 102-yr-previous company’s operations.
Hertz was founded back in 1918 by Walter L. Jacobs. He offered his company, initially termed Hire-A-Motor vehicle Inc., to John D. Hertz in 1923.
Now, the company is remaining crushed beneath the body weight of its debts. Hertz’ loan providers refused to give the company, centered in Estero, Florida, a further extension to make its payments past