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Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to ...
(Reuters) -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 ...
Hertz dropped as much as 12% Tuesday morning after posting a deeper-than-expected quarterly profit loss. The rental-car giant is still facing challenges from a high-cost electric vehicle fleet.
The rental-car giant is replacing its CEO after a disastrous quarter involving Teslas, but the saga goes back further. ... Hertz’s electric vehicle and CEO about-face is the latest twist after a ...
Hertz Global Holdings, originally known as Rent-a-Car Inc., was founded by Chicago, Illinois native Walter L. Jacobs in 1918. [9] This small car rental operation began with a dozen Model T Ford cars.
Shares of Tesla surged on Monday, with the Hertz deal expected to net the electric car maker more than $4 billion. Hertz shakes up rental market, says it will buy 100,000 Teslas for new electric fleet
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