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Hertz files for bankruptcy protection in the United States

Hertz files for bankruptcy protection in the United States

The car rental giant is seeking chapter 11 protection as it seeks to reorganise its business in the wake of the coronavirus pandemic. Hertz said the impact of Covid-19 on travel demand had been sudden and dramatic, causing an abrupt decline in the revenue.

Stone appointed Hertz chief executive

Stone appointed Hertz chief executive

Hertz has named Paul Stone as chief executive, effective immediately. The decision comes after the company narrowly staved off bankruptcy earlier this month, striking a deal with lenders after missing debt payments.