The Business Times

Hertz Global Holdings

Transport & Logistics

Hertz posts worse-than-expected loss after shrinking fleet

FILE PHOTO: A car exits a lot and passes by Hertz rental car signage at John F. Kennedy International Airport in Queens, New York City, U.S., March 30, 2022. REUTERS/Andrew Kelly/File Photo
Transport & Logistics

Hertz wins over Ackman in a bet tariffs will boost value of cars

The company has said it plans to sell 30,000 EVs by the end of this year and get to a number that its customers want to rent.
Transport & Logistics

Hertz falls on mounting losses from failed bet on Tesla EVs

Hertz has been exploring financing options after reporting the loss in April.
Transport & Logistics

Hertz weighs US$700 million sale of secured debt, convertibles

Hertz has been struggling under the weight of a strategic error it made in doubling down on EVs, sinking precious cash into 100,000 Teslas in 2021.
Transport & Logistics

Hertz is exploring options for raising financing

FILE PHOTO: Hertz car rental logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Transport & Logistics

Hertz reports US$392 million loss as it unwinds Tesla fleet burden

Hertz’s new owners were making a fully charged bet to swap Hertz’s petrol-powered rental-car fleet for EVs.
Transport & Logistics

How Hertz’s bet on Teslas went horribly sideways

Hertz’s CEO to step down as car renter unwinds bet on EVs
Companies & Markets

Hertz’s CEO to step down as car renter unwinds bet on EVs

Hertz plans to use some of the money raised by selling off EVs to buy petrol-powered vehicles.
Transport & Logistics

Hertz to sell 20,000 EVs in shift back to petrol-powered cars

Hundreds of customers said in court papers that Hertz filed police reports against them and had them falsely arrested, often at gunpoint.
Companies & Markets

Hertz to settle most false-arrest claims for US$168m

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