Hertz CEO out following electric car ‘horror show’ - CNN
Mar 18, 2024 · Trouble and turmoil continue at rental car company Hertz. The company, which announced in January it was selling 20,000 of the electric vehicles in its fleet, or about a third of the EVs it...
The Hertz bankruptcy bonanza has slammed into reverse
Sep 12, 2024 · Hertz’s unsecured bonds trade at under 75 cents on the dollar. The company says liquidity remains healthy but operating losses are going to have to reverse soon.
Hertz Struggles with $1 Billion EV Losses and Delayed Recovery
Oct 21, 2024 · Hertz's ambitious pivot to electric vehicles, initially hyped as a game-changer, is now a $1 billion headache. The fallout is realused EV values are tanking, repair costs are climbing, and a...
Hertz Global Holdings, Inc. (HTZ) Latest Stock News
Get the latest Hertz Global Holdings, Inc. (HTZ) stock news and headlines to help you in your trading and investing decisions.
Rental giant Hertz dumps EVs, including Teslas, for gas cars
Jan 11, 2024 · Rental firm Hertz Global Holdings is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent,...
Carvana has roared away leaving Hertz eating dust
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Car rental giant Hertz dumps EVs in U.S. in favour of gasoline …
Jan 11, 2024 · Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and...
Hertz makes 'agile' decision to shift strategy and sell EVs, Teslas
Jan 14, 2024 · Hertz surprised many onlookers last week when the car-rental company announced it would be selling about a third of its global electric vehicle fleet, reversing course on several big bets it had...
Hertz’s CEO to Step Down as Car Renter Unwinds Bet on EVs
Mar 15, 2024 · Stephen Scherr, who ran Hertz for just over two years after three decades at Goldman Sachs Group Inc., has decided to step down, the rental-car company said late Friday in a statement. It’s...
Hertz Apologizes for Charging Customer $10,000 for Miles on …
Nov 6, 2024 · Hertz has issued yet another apology for trying to overcharge a customer. After asking drivers who rented electric cars to pay for gas, the rental giant tried to collect a $10,000 mileage charge...