Summary
- Hertz’s bankruptcy took a turn for the better when the used car market became hot.
- The company was able to emerge from Chapter 11 with a growth plan focused on EVs and AI.
- Is Hertz moving too fast for the market to keep up?
Bankruptcy seemed almost impossible for most large publicly-traded companies in 2020 and 2021 as unprecedented easy money policies kept liquidity pouring in. Even the likes of cruise operator Carnival Corp. (CCL) and hydrocarbon exploration company Occidental Petroleum
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