Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.
All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.
Following its Chapter 11 bankruptcy filing, Sears Holdings Corp. plans to close another 142 stores by the end of the year, and Edward Lampert will step down as chief executive but remain chairman.
BREA, CA - American Suzuki Corp. plans to discontinue new auto sales in the continental U.S. and transition its business to provide parts and service through its dealers. The company is filing under chapter 11 to restructure its business so it can focus on its other divisions.
ROYAL OAK, MI - Saab Cars North America (SCNA) announced it has chosen an out-of-court resolution for its operations. The automaker has selected financial advisor McTevia & Associates to direct the process.
ZEEWOLDE, THE NETHERLANDS - Chinese company Youngman decided it could no longer fund Saab's reorganization, so the automaker's board decided to file for bankruptcy.
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