Hertz is selling used Teslas for under $20,000 and Chevrolet Bolt EVs for under $14,000.The Latest Tech News, Delivered to ...

Rental giant Hertz is in an unenviable position at the moment. When the pandemic was slowing, it made plans to buy some ...

While buying a used Mustang rental may not be the wisest move for your wallet, the rules change when it comes to ...

Rental company lost $1.3 billion in Q3 and took a $1 billion impairment charge due in large part to the heavy depreciation suffered by its electric car fleet ...

Hertz’s ambitious push into electric vehicles is destroying its financial performance.The company just reported an absurd ...

In announcing its third-quarter (July-September) 2024 results to shareholders, Hertz reported a loss of $US1.3 billion ($AU2 ...

The company also incurred major charges earlier this year in connection with the sale of 30,000 electric vehicles from its ...

In fact, Hertz estimates that EV depreciation across its fleet is up 89%, amounting to a staggering $537 per car, per month. It's not just new car prices and slowing used EV demand that's driving ...

Hertz says that it will continue to sell Tesla vehicles and other EVs in masse through 2025 as it is hit by massive ...

Hertz shares plunged as much as 12% on Tuesday after the company turned in its fourth quarterly loss in a row. The earnings ...

Earlier this year, the company said it would slim down its vehicle inventory, with a sale of about 30,000 electric vehicles ...