Hertz Global Holdings Inc, a bankrupt car rental company, plans to invest up to $1 million in vehicle acquisitions in the United States and Canada. According to Autoblog, it also plans to invest “up to $800 million for working capital and general corporate purposes.” Chief Executive Paul Stone said the new financing it has lined up will provide additional flexibility as the company navigates the pandemic’s effects on the travel industry. (Source: Autoblog) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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