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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 ...
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)...
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...
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 To Sell Off Even More EVs As Depreciation Losses Mount
InsideEVs· 1 day agoUnfortunately, a complicated...in 2023 that led to massive depreciation and higher repair costs—have...
Hertz says it lost another $195M from EV bet
AOL· 1 day 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 | Transport Topics
Transport Topics· 2 days agoThe company...share. The car rental company took a $195 million charge for the depreciation of an additional 10,000 EVs that Hertz is now holding for ...
Hertz's stock is having an awful week, and BofA adds to investors' misery
Morningstar· 1 day 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 ...
Hertz continues to feel EV losses, plans to dump more from its fleet
Teslarati· 2 days agoHertz (NASDAQ: HTZ) reported its earnings for the first quarter of 2024 today, announcing that it is...