Hertz gets forbearance from lenders in bid to avert bankruptcy
Hertz Global Holdings Inc. reached an eleventh-hour pact with lenders to give the struggling rental-car company more time to rework...
Carmakers dodge disaster with biggest-ever share of 0% loans
Zero-percent financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing. More than one in...
‘Fire sale’ of Hertz rentals poses risk to broader auto sector
The already-reeling used-vehicle market is hanging in the balance as Hertz Global Holdings Inc. negotiates with its creditors, a Benchmark Co. analyst...
Another 3.8 million Americans file for jobless benefits
Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic...
US economy shrinks at 4.8% pace, signaling start of recession
The record-long U.S. economic expansion is over after almost 11 years, with the deepest recession in at least eight decades...
Nissan warns of losses, delays earnings report due to pandemic
Nissan Motor Co. warned that it expects to post a loss for the just-ended fiscal year, becoming the latest global...
U.S. jobless claims at 4.43 million in labor rout’s fifth week
More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during the coronavirus pandemic to...
Carmakers headed for 50% sales plunge breathe sigh of relief
Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail sales to consumers are...
