News | Business
10 Nov 2025 8:01
| 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
     10 Nov: Unpaid tax bills may be catching up with many struggling businesses
     09 Nov: Kiwis finances are giving them a headache - much more than during the pandemic
     08 Nov: Major US tech companies have lost more than $1 trillion in market value since the beginning of November 2025
     08 Nov: A construction company will use repeatable designs to churn out new hospital wards across the country
     08 Nov: How colourism and social media abuse have roiled Pacific beauty pageants
     07 Nov: Labour Weekend - and weather - played a big role in consumer spending in October
     07 Nov: Our largest electricity gentailer is welcoming two major announcements for the energy sector
     Top Stories

    RUGBY RUGBY
    Formula One driver Liam Lawson has a prime opportunity in the Brazilian Grand Prix, which is underway from Sao Paulo More...

    BUSINESS BUSINESS
    Unpaid tax bills may be catching up with many struggling businesses More...


     Today's News

    		 Netball:
    A new-look shooting combination has helped the Silver Ferns to a 63-41 win over Scotland in their netball test at Glasgow 7:57

     Motoring:
    F1 live Brazil: Oscar Piastri fifth after penalty, Lando Norris wins Formula 1 São Paulo Grand Prix 7:47

     Business:
    Unpaid tax bills may be catching up with many struggling businesses 7:47

     Rugby:
    Formula One driver Liam Lawson has a prime opportunity in the Brazilian Grand Prix, which is underway from Sao Paulo 7:37

     Motorsports:
    Formula One leader Lando Norris remains in front through 57 of 71 laps of the Brazilian Grand Prix 7:27

     Politics:
    Americans face food cuts and flight delays in record US government shutdown 7:07

     Accident and Emergency:
    State Highway 2 in Upper Hutt has re-opened after a two serious crashes 5:47

     Health & Safety:
    A measles case has popped up in Nelson, with currently no known links to previous cases 4:57

     Politics:
    Former Children's Commissioner and five-term National MP Roger McClay has died aged 80 4:37

     Environment:
    Firefighters battle out-of-control blaze in New Zealand national park 21:07

     News Search




    Power Search

    © 2025 New Zealand City Ltd