Bloomberg reports that Hertz has canceled 90 percent

Learning how to identify vintage Nike clothing is a useful skillset to have. Nike Inc. Has become a sports juggernaut over the last 40 years. Photo credit: Justin Sullivan Getty ImagesFrom Car and DriverRental giant Hertz had been attempting to avoid a bankruptcy in recent weeks, sparked by a significant drop in airline and other travel due to the coronavirus pandemic. Among the companies that stand to lose business in this domino effect are automakers. Bloomberg reports that Hertz has canceled 90 percent of its new car orders for the 2020 model year, which will in turn hurt automakers’ fleet sales for the rest of this year.General Motors has been the single biggest supplier for the Hertz fleet of 567,000 vehicles in the United States, with GM models making up 21 percent of its fleet, spanning several brands.

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