A judge has found the rental car company short-changed its bondholders to the tune of $270mn
Fresh cash will buy some breathing room but the costs involved will soak up much of any subsequent value creation
Private equity-backed car rental group is struggling as US drivers shun electric vehicles
Plus, Unilever’s love for ice cream melts and European investment bank bonuses drop more than US
Decision by car rental group comes as resale value of EVs has collapsed
Valuation of the companies surged during the pandemic as used-car prices soared, but have now taken different paths
Rental group strikes five-year agreement to boost battery fleet after signing similar deal with Tesla
The car rental group has staged a remarkable recovery after a bankruptcy like no other
Car rental group appoints Stephen Scherr as it attempts to transform itself following bankruptcy and restructuring
Rental shortage should be a boost for companies that connect drivers with vehicle owners but they are struggling to make a profit
Certares and Knighthead reap huge rewards after driving car hire group’s exit from bankruptcy
Tesla deliveries to Hertz signal change for markets that long absorbed unpopular models
Electric car chief insists ‘no contract’ for rental car order but Hertz says deliveries have begun
Rental car company has just $1.2bn in corporate debt and another $1.5bn in preferred stock
How to regain relevance as a meme stock.
Reduced supply of vehicles and pent-up demand have turbocharged the sector’s profitability
The inside story of how optimism about post-pandemic travel inspired a bidding war for the bankrupt car rental company
Group’s current public stockholders will get a package worth $7.36 for each share
Equity holders set to recover millions in winning bid from private equity consortium including Apollo Global Management
Battle for car rental company comes as travel and leisure industries recover from pandemic
Car rental company’s value rises as bidding war breaks out during restructuring
Hopes of a recovery in global travel set off a bidding war for bankrupt American car rental group
All creditors of car rental mainstay are getting close to being made whole
Investment firms hope to revive fortunes of car rental company battered by pandemic
Hertz and AMC experiences highlight scope for change in US system
