Hertz Global Holdings

[NEW YORK] Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20 per cent stake in Hertz Global in a bet on the rental car company’s turnaround plan and that tariffs will boost the ...

HERTZ Global Holdings tumbled after the company reported a worse-than-expected loss stemming from the rental car company’s failed bet on electric vehicles (EVs) and heavy depreciation costs that have ...

HERTZ Global Holdings, seeking to bolster its balance sheet after an electric vehicles (EVs) blunder, is considering the sale of at least US$700 million in secured debt as well as a convertible notes ...

HERTZ Global Holdings is exploring options to raise financing weeks after the company’s new chief executive officer pledged to get the company back on track following a failed bet on electric vehicles...

Hertz lost US$1.28 a share, or US$392 million, against analyst expectation for a loss of 44 US cents a share

LIKE anyone habituated to the excesses of Wall Street, Tom Wagner and Greg O’Hara knew how to throw a party.

Hertz Global is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles (EVs) that the company began unwinding in recent months.

HERTZ Global Holdings plans to sell a third of its US electric vehicle (EV) fleet and reinvest in petrol-powered cars due to weak demand and high repair costs for its battery-powered options.

Hertz Global Holdings will spend US$168 million to settle hundreds of claims that it falsely reported rental customers to the police for car theft when a vehicle was not returned on time.