Company Comment
Car rental firms in trouble as fleets are destined for second-hand market
Over the past two months the rental fleet has been reduced by almost 15%
23 June 2020 - 17:07
Developments at iconic rental car brand Hertz in the US would have warned local investors in mobility stocks to brace themselves for effects of Covid-19.
Last week Motus reported that the severe effects of the lockdown meant reducing the vehicle rental fleet by 40%, and a retrenchment process to reduce the workforce by at least half. Motus will also close 20 branches...
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