Home » Markets » Hertz seeking coronavirus bailout, bracing for budget shortfalls
Hertz seeking coronavirus bailout, bracing for budget shortfalls
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Hertz is hoping to cash in on the coronavirus bailout package as the car rental and sales company is expecting to be short at least $1 billion in future months as a result of new coronavirus-caused business shortfalls, the New York Post reported.
HERTZ GLOBAL HLDGS
Sources told the outlet Hertz Global Holdings is bracing for a budget deficiency of between $1 billion to $1.5 billion and only has approximately $1 billion in cash to make up for it.
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A Hertz spokesperson did not immediately respond to FOX Business' request seeking comment.