automobiles Hertz to Spend $1 Billion on New Vehicles Posted on October 16, 2020 by eSano Hertz will resume purchasing vehicles to replenish its fleet of rental vehicles using financing secured from its creditors. Hard hit by the coronavirus crisis, the company filed for bankruptcy protection and sold off some 200,000 models last spring. eSano FCA to Invest up to $1.5 Billion to Build EVs in Windsor GM Re-Christens Hamtramck Plant Factory Zero to Signal Electric Focus