First Car Rental owner CMH cutting fleet due to Covid-19
Combined Motor Holdings says reductions of its rental fleet will continue week by week as the economy reels
23 June 2020 - 10:35
Combined Motor Holdings (CMH), the holding company of First Car Rental, is cutting staff in its rental fleet by about a third due to Covid-19. This follows a similar move by rival Motus Holdings.
The group’s car rental business was the earliest affected, the most severely affected, and is likely to be the slowest to return to some form of normality, the group said on Tuesday, though it is possible it will gain market share as Covid-19 takes its toll on smaller rivals...
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