Thursday, January 11, 2024

Car Rental Firm Hertz To Sell 20,000 EVs And Replace Them With Gasoline Powered Vehicles (HTZ; HTZWW)

 From Reuters via Yahoo Finance, January 11:

Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles.

Shares of the company, which operates vehicles from Tesla Inc and Swedish EV maker Polestar among others, fell about 3% at market open.

Hertz had said it would order 100,000 Teslas by the end of 2022 and followed that with a decision to buy up to 65,000 units over five years from Polestar....

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