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Hertz files for US bankruptcy protection as car rentals stall

A Hertz car rental outlet in Paramus, New Jersey. [AP]

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief.

Hertz said in a US court filing on Friday that it voluntarily filed for Chapter 11 reorganisation.

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