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Hertz
Hertz CEO to Step Down Following Failed Bet on Electric Vehicles
Hertz took a $245 million charge from offloading the EVs and posted a bigger-than-expected loss of $348 million in the fourth quarter.
March 18, 2024
BY
Aaron Pan
Hertz Unloads One-Third of Its EV Fleet, Citing Low Demand, High Repair Costs
The move will 'eliminate a disproportionate number of lower margin rentals and reduce damage expense associated with EVs,' ...
January 11, 2024
BY
Kevin Stocklin
Hertz Has Fewer Teslas in Its Fleet Than Planned
Hertz Global Holdings Inc.'s rental fleet has less than half the number of Tesla cars it planned to ...
February 8, 2023
BY
Reuters
US Agency Investigating If Hertz Rented Unrepaired Recalled Vehicles
WASHINGTON–U.S. auto safety regulators said on Tuesday they are investigating if Hertz rented unrepaired recalled vehicles to customers. ...
December 21, 2022
BY
Reuters
Hertz to Pay $168 Million in Settlements Over False Robbery Claims, Which Led to Jailing of Customers
Hertz, the rental car company, has agreed to pay $168 million to settle multiple claims in the United ...
December 6, 2022
BY
Bryan Jung
GM, Hertz Make Deal to Deploy up to 175,000 EVs
Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co. electric vehicles over ...
September 20, 2022
BY
Reuters
Hertz to Buy up to 65,000 Electric Vehicles From Polestar
WASHINGTON—Rental car firm Hertz Global Holdings said on Monday it would buy up to 65,000 electric vehicles over ...
April 5, 2022
BY
Reuters
Hertz Wheels In Ex-Goldman Sachs CFO as Top Boss, Shares Jump
Hertz Global Holdings on Friday named former Goldman Sachs finance chief Stephen Scherr as its top boss, replacing ...
February 4, 2022
BY
Reuters
EV Week in Review: Tesla Prevails Despite Hertz Deal Haziness, Nio Investors Take Setback in Their Stride, Volkswagen’s Diess Calls for ‘Revolution’ to Take on Competition
Most electric vehicle (EV) stocks advanced in the week ending Nov. 5 amid sector wide optimism. EV market ...
November 7, 2021
BY
Benzinga
Musk Says Tesla Has Not Signed a Contract With Hertz Yet, Halts Stock Rally
Tesla Inc. top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more ...
November 2, 2021
BY
Reuters
Uber Partners With Hertz to Offer 50,000 Tesla Rentals to US Ride-Hail Drivers
Uber Technologies Inc. on Wednesday said it is launching a new partnership with rental car company Hertz to ...
October 27, 2021
BY
Reuters
Tesla’s Market Value Tops $1 Trillion After Hertz Orders 100,000 Cars
DETROIT—Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of ...
October 26, 2021
BY
The Associated Press
Tesla Drives Toward $1 Trillion Club on Record Hertz Order
Tesla Inc. on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received ...
October 25, 2021
BY
Reuters
Hertz Orders 100,000 Tesla Cars for End of 2022
Hertz said on Monday the car rental firm has ordered 100,000 Tesla Inc. cars for delivery by the ...
October 25, 2021
BY
Reuters
NTD Business Full Broadcast (Oct. 18)
Apple didn't just announce new AirPods. It also put its spotlight on two new MacBook Pros, which will ...
October 18, 2021
BY
NTD Television
Hertz Tabs Former Ford Chief Executive Mark Fields as Interim CEO
Hertz Corp. has named former Ford Motor Co. Chief Executive Mark Fields as its interim CEO, the rental ...
October 6, 2021
BY
Reuters
Hertz Eyes Bankruptcy Exit Through $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a ...
March 3, 2021
BY
The Associated Press
US SEC Has Problems With Car Rental Firm Hertz Selling New Shares: CNBC
The U.S. Securities and Exchange Commission (SEC) has told bankrupt Hertz Global Holdings it has issues with the ...
June 17, 2020
BY
Reuters
Bankrupt Car Rental Firm Hertz to Offer Up to $1 Billion in Shares
Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing ...
June 12, 2020
BY
Reuters
Carl Icahn Lost $2 Billion Betting on Hertz
Icahn was the largest shareholder in Hertz, which filed for bankruptcy late May 22. The activist investor took ...
May 28, 2020
BY
Wire Service
Hertz Paid Top Executives $16 Million in Bonuses Ahead of Its Bankruptcy Filing
Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy—and a month after ...
May 26, 2020
BY
Wire Service
Hertz Files for US Bankruptcy Protection as Car Rentals Evaporate Amid CCP Virus Pandemic
NEW YORK—The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection ...
May 23, 2020
BY
Reuters
Hertz Giving Free One-Month Rental Cars to NYC Healthcare Workers
The Hertz car rental company is offering New York City healthcare workers free one-month car rentals through April ...
March 26, 2020
BY
Ivan Pentchoukov
Couple Creates Air to Water Conversion System—Wins $1.5M
LOS ANGELES—It started out modestly enough: David Hertz, having learned that under the right conditions you really can ...
October 25, 2018
BY
The Associated Press
Hertz Gets Hurt by Uber but Still Attracts Investors
Car rental companies could be the next victims of Uber and other ride-hailing companies that are constantly challenging traditional ...
November 18, 2016
BY
Emel Akan
TOP NEWS
Trump Urges Netanyahu Not to Retaliate After Iran’s Missile Attack
NEW
By
T.J. Muscaro
America in Photos: USS Iwo Jima Naval Homecoming, Belmont Stakes Horse Race, and Tiananmen Massacre Memorial
NEW
By
Epoch Times Staff
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
4hr
By
T.J. Muscaro
Iran Launches First Missiles at Israel Since Ceasefire Agreement
5hr
By
Jacki Thrapp
and
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
6hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
7hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
9hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
9hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
10hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
14hr
By
Lawrence Wilson