“Hertz loses another $200 million from its EVs”
April 26, 2024
“Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble… The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet through the end of 2024. Add today’s charge to the $245 million write-down taken in Q4, and the company has now lost $440 million on its EV gambit…”
https://finance.yahoo.com/news/hertz-loses-another-200-million-from-its-evs-172735716.html