[Lee Stewart]

Two months after filing for bankruptcy protection, Hertz finally has a plan in place to attempt to stay afloat until 2021. To appease lenders and maintain future business, it will unload nearly 200,000 of the manufacturer's total leased vehicles, numbering under 500,000.

The long-awaited bulk sale of 182,521 cars will take place over the course of the rest of the year, with a deadline set for December 31st, in order to fund an agreed $650 million in other lease-related debts. The number is a step up from the 144,000-car shedding Hertz had proposed last month, but leaves the company with a large enough fleet to maintain a viable business when it emerges from bankruptcy into a world that will, hopefully, involve enough routine travel for rental cars to be a viable business enterprise.