The coronavirus has taken a toll on a number of big businesses, including one rental car company. Hertz had to file for bankruptcy following a dramatic drop in rentals during the pandemic. The company ...

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business.

Hertz shares surged 56% after Pershing Square disclosed it acquired a 4% stake in the company. Hertz was the original meme stock — its shares soared post-bankruptcy filing in 2020. After Hertz emerged ...

Hertz is betting big on electric vehicles. It's buying 100,000 Teslas, the largest-ever order by a single buyer. The purchase also represents the biggest move into EVs by a rental car company, by far.

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business.

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with ...