Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adjusted $1.36 per share, missing analyst projections of a 76-cent loss. The earnings came weeks after Hertz...
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On...
Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing them with internal combustion engine (ICE) vehicles. It is doing so because EVs are more expensive than ICE vehicles to...
Today in the connected economy, Uber debuts new features designed to offer more flexibility to its team of drivers. Also, Hertz reaps the benefits of investing in connected cars, while Amazon and Google see growth in their cloud operations. Uber Unveils Driver Perks, Debit Card...
February 01, 2024
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On Thursday (Feb. 1), Swedish car manufacturer Volvo announced that it […]
May 30, 2022
As Americans begin to travel this summer — perhaps for the first time in two years — they may find that, in some cases, renting a car is a new...
August 10, 2017
Aging fleets, fickle car buyers and, of course, Uber and Lyft are all proving to be a perfect storm for rental stalwarts Hertz and Avis. But then again, if you can’t...
March 17, 2024
Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022, has announced his resignation, Hertz said Friday (March 15). Taking his place is Gil West, former chief operating officer of Delta Airlines and General Motors’ Cruise unit. “Gil’s success in leading […]
February 06, 2024
Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adjusted $1.36...
January 11, 2024
Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing them with internal combustion engine...
June 27, 2022
Lyft and Hertz are partnering and launching new offerings intended to make summer air travel easier, according to a Monday (June 27) press release. Lyft is offering Priority Pickup for...
