Search results
Hertz to Offload 30K EVs This Year, Deepens Cuts Amid Mounting Fleet Losses - EconoTimes
EconoTimes· 4 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· 4 days agoIn the quarter, Hertz incurred a $195 million charge related to the reduction in its EV fleet. That...
Here’s why the Hertz and Avis Budget stocks are tumbling | Invezz
Invezz· 5 days agoHertz crashed by over 17%, bringing the year-to-date losses to over 54%. Avis, on the other hand,...
Hertz Global misses earnings expectations as fleet costs weigh By Investing.com
Investing.com· 5 days agoHertz Global (HTZ) reported a challenging first quarter of 2024, with financial results falling...
Hertz Reports $392 Million Loss as It Unwinds Tesla Fleet Burden
Bloomberg· 5 days agoHave a confidential tip for our reporters? Hertz Global Holdings Inc. reported a loss that was...
Hertz’s stock is having an awful week, and BofA adds to investors’ misery
Market Watch· 4 days agoBofA analyst John Babcock downgraded the stock to underperform from neutral. One of the biggest...
Hertz says it lost another $195M from EV bet
AOL· 4 days agoHertz said Thursday that the rental car giant's failed investment in an electric vehicle fleet continues to be an expensive mistake, ...
Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep...
Fortune· 5 days agoThe rental car company plans to dispose of an additional 10,000 EVs than initially planned—intending to sell 30,000 total in 2024. It incurred a $195 million charge because ...
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge
Morningstar· 5 days agoShares of Hertz Global Holdings Inc. resumed their selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss ...
Hertz's stock is having an awful week, and BofA adds to investors' misery
Morningstar· 4 days agoThe lowlight of the decline was Thursday's 19.3% tumble after the company reported a much wider-than-expected quarterly loss. BofA analyst John Babcock downgraded the stock to underperform from ...