CarRental

Hertz Exits Bankruptcy and Expects ‘Strong Financial Results’ in 2021

Hertz Exits Bankruptcy and Expects ‘Strong Financial Results’ in 2021

BY SEBASTIAN BLANCO | CarAndDriver.Com Troy Warren for CNT The car-rental giant appears to be shaking off its previous troubles and has sweetened its customer loyalty programs to encourage people to come back.   Car rentals were down last year—you get one guess why—and that helped plunge the already struggling Hertz into bankruptcy in early 2020. Even though the company was pessimistic about its chances of coming out of bankruptcy with any sort of value for its shareholders, a bidding war this spring helped means stocks are worth almost $9 now, well above the sub-$2 level during the pandemic. Hertz was also able to sell…
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