However, when the value of those used cars drops, lenders to the ABS facility expect the borrower to stump up cash as collateral, which is what ultimately pushed Hertz over the edge. The widely ...

In total, Hertz faced a staggering $2.9 billion loss throughout 2024, adding to its struggles. Hertz made headlines in October of 2021 when news broke that it was buying 100,000 Teslas worth $4.2 ...