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Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep...
AOL· 3 days agoHertz is hurting. The company was expecting a challenging first quarter, but it got more than it bargained for: It reported a $392 million adjusted net loss on Thursday. Despite ...
Hertz loses another $200 million from its EVs
AOL· 3 days agoCar rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble. In its first quarter earnings report, < ...
Hertz says it lost another $195M from EV bet
AOL· 2 days agoHertz said Thursday that the rental car giant's failed investment in an electric vehicle fleet continues to be an expensive mistake, ...
Hertz reports $392 million loss as it unwinds Tesla fleet
Detroit News· 3 days agoInc. models that have weighed on profits for the past year. The company said it lost $1.28 a share,...
Here’s why the Hertz and Avis Budget stocks are tumbling | Invezz
Invezz· 3 days agoHertz crashed by over 17%, bringing the year-to-date losses to over 54%. Avis, on the other hand,...
Hertz's stock is having an awful week, and BofA adds to investors' misery
Morningstar· 2 days agoBofA analyst John Babcock downgraded the stock to underperform from neutral. One of the biggest concerns resulting from Hertz's earnings report was the costs associated with ...
Hertz Reports $392 Million Loss | Transport Topics
Transport Topics· 3 days agoInc. models that have weighed on profits for the past year. The company said it lost $1.28 a share, or $392 million, against analyst expectation for a...
Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep...
Fortune· 3 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 ...
How Car Rentals With Debit Cards Work - NerdWallet
Nerdwallet· 3 days agoThe process of renting a car is no joyride. Why do car rental companies want you to pay with a credit card? If the rental< ...
Hertz Global eyes worst day on record as EV rental business falters
Reuters· 3 days agoHigher repair costs also weighed on the company's overall fleet maintenance expenses. "Fleet and...