Car rental giant Hertz plunged into bankruptcy in 2020 during the pandemic, but a bidding war this spring helped boost stock worth and allowed the company to sell off around 200,000 of its 650,000 vehicles thanks to the high demand for used vehicles. “The company announced last week that it has emerged from bankruptcy as ‘a financially and operationally stronger company that is well positioned for the future,’” said Car and Driver. It now plans to sweeten its customer loyalty programs. (Source: Car and Driver) Read the original story…
