Hertz’s Troubles with 30,000 Used Teslas
Learn about the challenges faced by Hertz after acquiring 30,000 used Teslas, including safety concerns, repair bills, and financial losses. Find out how the rental-car company is struggling to recover from its Tesla investments during a turbulent market period.
Hertz Reports Significant Losses Due to EV Strategy
Hertz Global Holdings Inc. faces a setback with a loss that is almost three times worse than expected, attributed to the sale of electric vehicles. The appointment of a new CEO signals a shift in strategy to rectify EV-related issues and focus on operational improvements.
Key Figures from O.J. Simpson Trial: Where Are They Now?
Almost 30 years ago, over 100 million people tuned in to watch the live telecast of the verdict in O.J. Simpson’s murder trial. After the trial, key figures such as F. Lee Bailey and Denise Brown faced various challenges and controversies. F. Lee Bailey, a member of Mr. Simpson’s legal team, faced disbarment and bankruptcy, while Denise Brown continued to advocate for victims of domestic violence. Learn what happened to these key figures from the trial.
Hertz CEO Steps Down After Electric Vehicle Venture
Hertz Global Holdings Inc. announces significant leadership change after failed venture into electric vehicles, resulting in substantial financial setbacks. Departure of CEO Stephen Scherr and appointment of Gil West, former COO of General Motors Co.’s Cruise robotaxi unit, as new CEO. Hertz’s foray into electric vehicles led to significant losses, with the company incurring a $245 million charge and reporting its most substantial quarterly loss since the onset of the pandemic.
Stocks Show Significant Movement in Premarket Trading
Stocks are showing significant movement in premarket trading, with several companies making headlines. Discover Financial Services, Spirit Airlines, Humana, and Hertz are among the companies experiencing notable activity before the market opens. Discover Financial Services is gaining attention in premarket…
Hertz to Sell Off Third of US Electric Vehicle Fleet Due to Weak Demand
Hertz Global Holdings Inc. has announced its decision to sell off a third of its US electric vehicle (EV) fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options. The rental giant…