Bankruptcy anyone?

I saw on E-Trade the other day that Herts is hired advisors to look into restructuring debt.

Could be the first one?

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GM is suspending its dividend:

https://finance.yahoo.com/news/general-motors-takes-additional-steps-120000711.html

PROTECT THE BALANCE SHEET :dagger:

aaghh! I hope not. I have thousands of useless Hertz points! I was gunna save them all up to use for Christmas car rentals as it’s always expensive then but maybe I should use 'em up sooner! If only there was somewhere to go on a roadtrip. Damn it!

You can transfer points to airlines and hotel chains as well I think. https://upgradedpoints.com/hertz-gold-plus-rewards

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Hertz so good
Com’on baby make it hertz so good
Sometimes love don’t feel like it should

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A few updates today

And

This gem is straight shenanigans

I highly doubt the creditors want to liquidate the company. They’ll keep operating amid the restructuring and afterwards IMO

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It would be fun to see Tesla stock after it posts a profit in Q1, while F posts 5bln in losses…
(I bet some magic with software revenue and ZEV credits will let them do it)

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Ford files first. Unsustainable pension obligations and no sales.

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