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The bankruptcy petition lists liabilities of $500 million to $1 billion with estimated assets of $100 million to $500 million.
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Contactless agreements are a simple and effective way for businesses to continue to service customers during the coronavirus pandemic.
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The company reports an over 200% rise in enquiries from rental companies in North America and Europe.
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All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.
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While AAA will not issue a Memorial Day travel forecast, the association predicts few people will hit the road.
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For those needing to travel, using a car is a safe bet, and renting one is a safer alternative to public transit.
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Sixt reports that business has already returned to pre-pandemic levels in German urban locations. In response the company is expanding carsharing and subscription programs as an alternative to public transport.
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According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
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The preliminary layoffs were confined customer support and recruiting teams. The most recent layoffs will affect employees across all divisions.
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Ben Hershman began his automotive career at Ford Motor Company in the United Kingdom in 1994, covering a number of engineering development and production roles.
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