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The car rental company Hertz has for bankruptcy protection in the US after plummeting rentals. Hertz the world's second largest car rental company and a household name. It over 10,200 franchises in 150 countries on six continents. It is one of the highest-profile companies to file for bankruptcy because of COVID-19. It had already or off more than 20,000 of its employees as rentals up worldwide. This is about half of its global workforce. It said: "The impact of the pandemic on travel demand sudden and dramatic, an abrupt decline in the company's revenue and future bookings." Hertz $18.8 billion of debt on its books as of March the 31st.

Hertz was in 1923 when John Hertz of the Yellow Cab and Yellow Truck and Coach Manufacturing Company a small car rental company. He what he called a "drive yourself" system, making available just a dozen Model T Ford cars to customers. His mission , "to be the most customer-focused, cost-efficient vehicle and equipment rental company in every market." CNN about how the pandemic has Hertz and the entire car rental industry. It said rentals have been " by the plunge in travel since the pandemic hit earlier this year". It : "Nearly two-thirds of its revenue from rentals at airport locations, and air travel has sharply."