Hertz seeks lender leniency or faces bankruptcy within weeks

Hertz knows its creditors want to avoid bankruptcy, which could trigger a fire sale of devalued used cars. Hertz’s creditors, lenders and investors, including controlling shareholder Carl Icahn, are now facing a three-way standoff.

source https://www.autonews.com/used-cars/hertz-seeks-lender-leniency-or-faces-bankruptcy-within-weeks