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Hertz's 101-year-old business model nears twilight in Uber age

Firm suffers its third straight quarter of loss; it has a bloated fleet with too many cars to rent

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Why wait in line, pick up keys, fill up and drop off, when you can tap an app instead?

New York

AT THE dawn of America's automobile age, a Nebraskan by the name of Joe Saunders came up with a wild idea: he'd rent his Ford Model T to travelling salesmen.

Today, 101 years later, his figurative heirs - Mr Saunders later sold out to a Chicagoan named Hertz - confront an

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