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Global car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for bankruptcy in the US and Canada after more than a century in business.
"The impact of Covid-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company's revenue and future bookings," Hertz said in a press release.
Hertz said it took "immediate action" to prioritise the health and safety of employees and customers and eliminate "all non-essential spending".
