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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

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...

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