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Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positioned to ride out the coronavirus storm. The 102-year-old Hertz told shareholders last week that it had missed a debt payment tied to its 500,000 fleet amid a …
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Carl Icahn’s car-rental company, Hertz, is gearing up for a possible bankruptcy as the coronavirus pandemic slams the brakes on its business. The car rental company failed to make an important monthly lease payment tied to its 500,000 vehicles this month, it revealed Wednesday morning. “While the company has taken aggressive action to eliminate costs, …
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Carl Icahn’s car-rental company, Hertz, is seeking a bailout from Uncle Sam to fend off a looming cash crunch that threatens to push it over the edge, The Post has learned. Hertz Global Holdings, known for snagging OJ Simpson as its spokesman at the height of his football career, faces a $1 billion-to-$1.5 billion budget …
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Carl Icahn is betting big against shopping malls — to the tune of $5 billion, The Post has learned. Since last summer, the 84-year-old investor has been throwing money at a complex trade that stands to make him billions if big shopping centers start defaulting on their debt. The trade is considered risky, and even …
Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positioned to ride out the coronavirus storm. The 102-year-old Hertz told shareholders last week that it had missed a debt payment tied to its 500,000 fleet amid a …
