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Hertz says it lost another $195M from EV bet
Fox Business via Yahoo Finance· 1 day agoHertz Global reported higher-than-expected quarterly losses on Thursday, which sent shares down by more than 24%. The company's total losses were $588...
Hertz Reports $392 Million Loss as It Unwinds Tesla Fleet Burden
Bloomberg· 3 days agoHave a confidential tip for our reporters? Hertz Global Holdings Inc. reported a loss that was...
Hertz is ditching even more electric cars
Quartz· 1 day agoHertz is ditching more of its fleet of electric vehicles, which it says are unreliable and more expensive than gas-guzzlers, as it reports a $392 million...
Hertz’s stock is having an awful week, and BofA adds to investors’ misery
Market Watch· 1 day agoBofA analyst John Babcock downgraded the stock to underperform from neutral. One of the biggest...
Hertz to Offload 30K EVs This Year, Deepens Cuts Amid Mounting Fleet Losses - EconoTimes
EconoTimes· 2 days agoIn a recent financial revelation, Hertz disclosed continued losses from its electric vehicle (EV)...
Estero-based Hertz will sell off more EVs as it looks to reduce costs and right-size fleet
The News-Press via Yahoo Finance· 1 day agoHertz has upsized its sale of electric vehicles, as it looks to improve its financial performance....
Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep...
Fortune via Yahoo Finance· 2 days agoHertz is hurting. The company was expecting a challenging first quarter, but it got more than it...
Hertz loses another $200 million from its EVs
Yahoo Finance· 2 days agoCar rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble. In its first quarter earnings report, Hertz said it “upsized...
Hertz To Sell Off Even More EVs As Depreciation Losses Mount
InsideEVs· 1 day agoAmerican rental car giant Hertz saw the way the car market was going and decided to invest in...
Why Hertz Stock Plunged Today
Motley Fool via Yahoo Finance· 2 days agoShares of Hertz Global Holdings (NASDAQ: HTZ) were tumbling today after the car rental giant posted disappointing results in its first-quarter earnings,...