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

Global car rental giant Hertz has posted a $US1.3 billion ($2 billion) loss for the third quarter of 2024, which the company ...

Rental company lost $1.3 billion in Q3 and took a $1 billion impairment charge due in large part to the heavy depreciation ...

Hertz: The company recorded a USD 1 billion asset impairment charge during the quarter, citing a decline in fleet values over ...

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

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

Hertz Global Holdings (NASDAQ: HTZ) stock initially tumbled Tuesday by as much as 11.9% after the car rental giant posted a ...

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

Global car rental company Hertz (NASDAQ:HTZ) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 4.7% year on year to $2.58 billion. Its non-GAAP loss of $0.68 per share ...

The company also engages in car sales and car ... strategic adjustments. Hertz continues to focus on its transformation strategy, emphasizing operational efficiencies and capacity management. The ...

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 ...