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Hertz files for chapter 11 in USA

  • 24-05-2020 7:57pm
    #1
    0lddog
    Registered Users, Registered Users 2 Posts: 3,292 ✭✭✭


    Just a caution for anyone who uses them. I dont understand the structure of Hertz so I dont know if this matters outside of the USA ( or even in the USA ).


Comments

  • #2
    Batgurl
    Registered Users, Registered Users 2 Posts: 1,208 ✭✭✭Batgurl


    0lddog wrote: »
    Just a caution for anyone who uses them. I dont understand the structure of Hertz so I dont know if this matters outside of the USA ( or even in the USA ).

    Doesn’t affect any operations outside the USA as separate entities.

    Filing for chapter 11 is kind of like going into administration. Definitely worrying but it’s not the same as going bust. It allows companies to restructure due to financial difficulties.


  • #3
    ted1
    Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    They had an ad in the radio saying thee flogging cars for cheap because no one is renting them


  • #4
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    ted1 wrote: »
    They had an ad in the radio saying thee flogging cars for cheap because no one is renting them

    Their prices are as high as main dealers :)


  • #5
    ted1
    Registered Users, Registered Users 2 Posts: 23,901 ✭✭✭✭ted1


    Augeo wrote: »
    Their prices are as high as main dealers :)

    Probably is, but not what radio ad implies. Their rental fleet is sitting idle.

    https://m.facebook.com/story.php?story_fbid=3003205519717279&id=1090105077694009


  • #6
    0lddog
    Registered Users, Registered Users 2 Posts: 3,292 ✭✭✭0lddog


    Batgurl wrote: »
    Doesn’t affect any operations outside the USA as separate entities.

    Filing for chapter 11 is kind of like going into administration. Definitely worrying but it’s not the same as going bust. It allows companies to restructure due to financial difficulties.


    Thanks for fleshing out whats going on. Could never fathom them. Globally is it some form of multilevel franchise arrangement ?


    @ted1 : Bolands ?


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