News | Business
23 Nov 2025 7:11
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel

    Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel


    The Florida-based company's lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in US Bankruptcy Court.

    Starting in mid-March, the company lost all revenue when travel shut down because of the pandemic, and it started missing payments in April.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     21 Nov: Meat exports have reached a record high, despite Donald Trump's recently-scrapped tariffs
     21 Nov: Selwyn continues to lead New Zealand in economic growth, resilience and confidence
     21 Nov: A group of Special Olympians is the latest to test Christchurch's new Parakiore metro sports centre - ahead of its official opening
     21 Nov: The oldest building in Central Christchurch is on the market
     20 Nov: Our largest sheep-meat exporter, Alliance Group, has returned to profit - as it prepares for the arrival of a new majority owner
     20 Nov: WA Energy retailers overcharging
     20 Nov: The world's most valuable company - Nvidia is easing fears of a bursting AI bubble, at least for now
     Top Stories

    RUGBY RUGBY
    The All Blacks have finished a topsy turvey season by sinking Wales 52-26 in Cardiff More...

    BUSINESS BUSINESS
    Meat exports have reached a record high, despite Donald Trump's recently-scrapped tariffs More...


     Today's News

    		 International:
    When child care fails, women leave work: Is gender equality the next victim of the childcare crisis? 7:07

     Motoring:
    Formula One drivers leader Lando Norris has had a crack at his rivals after claiming pole for this evening's Las Vegas Grand Prix 7:07

     Rugby:
    The All Blacks have finished a topsy turvey season by sinking Wales 52-26 in Cardiff 6:57

     Entertainment:
    Denise Richards is thankful for her "great support system" amid her divorce from Aaron Phypers 6:55

     Entertainment:
    Kelsey Grammer's ex-wife is "living [her] best life" thanks to her divorce settlement 6:25

     Cricket:
    The West Indies have been bowled out for 161 by the Black Caps in the final one-day cricket match in Hamilton 21:56

     Entertainment:
    Glenn Close has insisted her new drama series All's Fair is "pretty f***ing good" - despite a barrage of negative reviews 21:55

     Entertainment:
    Billy Bob Thornton was wounded from all the plates that were chucked at him whilst filming a fiery family dinner scene in the Landman season two episode Death and a Sunset 21:25

     Environment:
    Rain's caused havoc in Formula One qualifying at the Las Vegas Grand Prix  21:16

     Entertainment:
    Pete Davidson is girlfriend Elsie Hewitt's "personal toe cracker" 20:55

     News Search




    Power Search

    © 2025 New Zealand City Ltd