The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.

Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.

Nissan Motor plans to cut up to 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday. The Japanese automaker is seriously struggling to recover from plunging car sales. The possible cuts come as Nissan prepares to announce its updated mid-term strategy next week.

Ryanair’s Austrian airline Lauda announced on Friday it would shut down its main Vienna base by the end of May with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union. CEO Michael O’Leary said earlier in May that the group would shut down the main Vienna base of Lauda and bring in Ryanair jets instead unless staff agreed to a pay cut and a new labour agreement.

France’s Finance Minister Bruno Le Maire told newspaper Le Figaro late on Thursday that he has not signed off on a €5bn state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued.

Starbucks Corp said on Thursday it had regained nearly two-thirds of its comparable US store sales from the prior year, as it reopened stores and modified operations due to the coronavirus-related restrictions.

Ford Motor Co on Wednesday closed two US assembly plants as the coronavirus pandemic wreaked early havoc with the No.2 US automaker’s plan to restart North American production and begin making its most profitable vehicles again.

Lufthansa is in talks over a €9bn state bailout that would result in Germany taking a 20% stake in the airline, news wires reported. The deal would involve the government taking two seats on its supervisory board, but it would only exercise its full voting rights in exceptional circumstances, such as to protect the firm against a takeover.

Aerospace giant Rolls-Royce said today it plans to cut at least 9,000 jobs in the latest blow to the aviation industry as it continues to be hammered by the coronavirus crisis. The company, which makes engines for planes such as the Boeing 787 and Airbus 350, said on Wednesday it could also close factories as it shrinks to fit the smaller market it expects to emerge from the crisis.

Johnson & Johnson is ending sales of its iconic talc-based Johnson’s Baby Powder in the US and Canada, where demand has dwindled amid thousands of lawsuits claiming it has caused cancer. The world’s biggest maker of health care products said Tuesday the talc-based powder will still be sold outside the US and Canada.