Author Topic: Hertz filing for Bankruptcy?  (Read 2566 times)

Steve McDonald Formally known as Mcdonas

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Owned since 1971, now driven over 245,000 miles, makes me smile every time I drive it and it makes me feel 21 again.😎

tesgt350

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Re: Hertz filing for Bankruptcy?
« Reply #1 on: May 08, 2020, 06:52:17 AM »
I think you will see a lot of big Companies do this, taking advantage of the Virus Pandemic to unload some Debt.

FL SAAC

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Re: Hertz filing for Bankruptcy?
« Reply #2 on: May 08, 2020, 07:51:02 AM »
Many will use this strategy as a shield to their benefit,  others will truly fold. Those that fold had symptoms previous to this down turn.
Living RENT FREE in your minds...

Home of the Hertz Musketeers 

A person without a sense of humor is like a wagon without springs.  It's jolted by every pebble on the road

I have all UNGOLD cars

I am certainly not a Shelby Expert

Life is short B happy

2112

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Re: Hertz filing for Bankruptcy?
« Reply #3 on: May 08, 2020, 11:57:15 AM »
I noticed that the Hertz equipment rental depots recently changed their name to Herc.

FL SAAC

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Re: Hertz filing for Bankruptcy?
« Reply #4 on: May 08, 2020, 12:13:40 PM »
2016


Herc Rentals Completes Separation from Hertz Car Rental Business; Becomes an Independent, Publicly Traded Company – Herc Holdings Inc.
https://ir.hercrentals.com/news-releases/2016/07-01-2016-120124536

I noticed that the Hertz equipment rental depots recently changed their name to Herc.
Living RENT FREE in your minds...

Home of the Hertz Musketeers 

A person without a sense of humor is like a wagon without springs.  It's jolted by every pebble on the road

I have all UNGOLD cars

I am certainly not a Shelby Expert

Life is short B happy

2112

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Re: Hertz filing for Bankruptcy?
« Reply #5 on: May 08, 2020, 12:53:03 PM »
2016


Herc Rentals Completes Separation from Hertz Car Rental Business; Becomes an Independent, Publicly Traded Company – Herc Holdings Inc.
https://ir.hercrentals.com/news-releases/2016/07-01-2016-120124536

I noticed that the Hertz equipment rental depots recently changed their name to Herc.

Must have been a slow roll out. The signage only changed in the last year up here.

FL SAAC

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Re: Hertz filing for Bankruptcy?
« Reply #6 on: May 08, 2020, 01:01:10 PM »
More bang for the buck with a name brand recognition of HERTZ vs HERC. 


 

2016


Herc Rentals Completes Separation from Hertz Car Rental Business; Becomes an Independent, Publicly Traded Company – Herc Holdings Inc.
https://ir.hercrentals.com/news-releases/2016/07-01-2016-120124536

I noticed that the Hertz equipment rental depots recently changed their name to Herc.

Must have been a slow roll out. The signage only changed in the last year up here.
Living RENT FREE in your minds...

Home of the Hertz Musketeers 

A person without a sense of humor is like a wagon without springs.  It's jolted by every pebble on the road

I have all UNGOLD cars

I am certainly not a Shelby Expert

Life is short B happy

98SVT - was 06GT

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Re: Hertz filing for Bankruptcy?
« Reply #7 on: May 08, 2020, 05:52:38 PM »
Too bad GM went BK already.
Now may be the time for Fiat to unload Dodge - they want to keep Jeep and Ram brands.
Ford will escape because their new profit centers Mustang Mach-E and Bronco are flying out of the dealer showrooms.
Previous owner 6S843 - GT350H & 68 GT500 Convert #135.
Mine: GT1 Mustang Track Toy, 1998 SVT Cobra, Wife's: 2004 Tbird
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deathsled

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Re: Hertz filing for Bankruptcy?
« Reply #8 on: May 08, 2020, 10:55:28 PM »
Where will I get parts for my Hertz if they go bankrupt?
"Low she sits on five spoke wheels
Small block eight so live she feels
There she's parked beside the curb
Engine revving to disturb
She's the princess from his past
Red paint gold stripes damned she's fast"

98SVT - was 06GT

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Re: Hertz filing for Bankruptcy?
« Reply #9 on: May 08, 2020, 11:48:13 PM »
Where will I get parts for my Hertz if they go bankrupt?
Pookie has a whole supply of everything in the original boxes.
Previous owner 6S843 - GT350H & 68 GT500 Convert #135.
Mine: GT1 Mustang Track Toy, 1998 SVT Cobra, Wife's: 2004 Tbird
Member since 1975 - priceless

deathsled

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Re: Hertz filing for Bankruptcy?
« Reply #10 on: May 09, 2020, 12:04:35 AM »
Thank God I'm saved. Pookie to the rescue.
"Low she sits on five spoke wheels
Small block eight so live she feels
There she's parked beside the curb
Engine revving to disturb
She's the princess from his past
Red paint gold stripes damned she's fast"

FL SAAC

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Re: Hertz filing for Bankruptcy?
« Reply #11 on: May 25, 2020, 09:23:51 AM »
Not doom and gloom if used properly a bankruptcy filing is truly a competitive advantage. A bankruptcy can give a business breathing room to reorganize and create a plan to move forward to profitability, or it can stop the bleeding that can lead to seizure of  assets.The ability to temporarily suspend your debt-service obligations, pay only a portion of your current debts and dismiss contracts you’ve signed can help you be more efficient than your competitors, which must meet all of their obligations.
Living RENT FREE in your minds...

Home of the Hertz Musketeers 

A person without a sense of humor is like a wagon without springs.  It's jolted by every pebble on the road

I have all UNGOLD cars

I am certainly not a Shelby Expert

Life is short B happy

mark p

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Re: Hertz filing for Bankruptcy?
« Reply #12 on: May 25, 2020, 09:35:38 AM »
Where will I get parts for my Hertz if they go bankrupt?

LOL  ::)
Thanks Richard
"I don't know what the world may need, but a V8 engine's a good start for me" (from Teen Angst by the band "Cracker")

66 Tiger / 65 Thunderbird

mark p

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Re: Hertz filing for Bankruptcy?
« Reply #13 on: May 25, 2020, 09:38:58 AM »
Not doom and gloom... ...pay only a portion of your current debts...

The stockholders, bondholders, and other creditors might disagree regarding that first part :-\

Someone once said, "there's no such thing as a free lunch"


"I don't know what the world may need, but a V8 engine's a good start for me" (from Teen Angst by the band "Cracker")

66 Tiger / 65 Thunderbird

FL SAAC

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Re: Hertz filing for Bankruptcy?
« Reply #14 on: May 26, 2020, 08:18:03 AM »
Heck I thought everyone knew


Where will I get parts for my Hertz if they go bankrupt?
Living RENT FREE in your minds...

Home of the Hertz Musketeers 

A person without a sense of humor is like a wagon without springs.  It's jolted by every pebble on the road

I have all UNGOLD cars

I am certainly not a Shelby Expert

Life is short B happy