Advantage Rent-A-Car files for Bankruptcy

NEW YORK (Reuters) December 8, 2008 — Car rental chain Advantage Rent-A-Car filed for bankruptcy protection Monday and closed about 40% of its U.S. retail locations, citing a decline in the travel industry.
The company said it laid off 440 workers, or almost half its workforce.
Advantage said it will continue operating at its remaining locations during [...]

Written on | Posted in | Blog | | No comment