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Thursday, oct 31
Tag:
Hertz
Business
Hertz Rented Vehicles With Open Recalls For Repairs: Feds
Federal officials are investigating allegations that Hertz rented suspect vehicles to customers without getting recommended required recall repairs for several years. The National Highway Traffic Safety Administration (NHTSA) issued an alert on Tuesday, Dec. 20 advising that Hertz had previously rented Nissan and Ford vehicles that were not properly repaired during recent recalls. According to the NHTSA, the agency would be in violation of the federal Motor Vehicle Safety Act. The vehicles subject to the government’s probe were produced in the 2018 through 2020 model years. If found compli…
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: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY
GNC on Wednesday released a list of stores that the company is closing in New Jersey and New York as part of its filing for Chapter 11 bankruptcy protection. The retailer, which had 5,200 stores in the U.S. and 7,300 worldwide at the end of March, said it expects to close anywhere from 800 to 1,200 of them, beginning with those listed below. GNC already was submerged in an estimated $700 million in debt and facing delisting on the New York Stock Exchange when COVID-19 struck. The coronavirus pandemic “created a situation where we were unable to accomplish our refinancing and the abrupt cha…