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The Latest Breaking News from Hertz

Hertz Is Walking Back A Big Bet On EVs. Here's What's Really Going On

Hertz is cutting a third of its EV rental car fleet and replacing it with gas-powered cars. But the real issue goes deeper than you think.

InsideEVs

Dow Jones Futures Fall Amid Big Earnings, Surging Oil Prices; Tesla Cuts Prices

Dow Jones futures fell Friday amid big earnings from JPMorgan and more, while oil prices spiked on Mideast fears. Tesla cut China prices.

Investors Business Daily

Hertz's Ex-Rental Teslas Can Be Had For As Low As $16,000

Hertz is selling many of the Teslas it bought in 2021 for not much money. After the IRA's used car tax credit, these cars could be had for as little as $16,000.

InsideEVs

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Hertz Is Reducing Its EV Fleet And Selling Tesla Model 3s For Cheap

You can nab a Model 3 with less than 100,000 miles for around $20,000.

Motor1

Stock Market Pares Losses; Bitcoin Rises As Spot ETFs Start Trading

Bitcoin rose as spot ETFs began trading.

Investors Business Daily

Tesla Stock Breaks Key Level For First Time Since November As Hertz Downsizes EV Fleet

Tesla stock is working on its ninth loss in 10 trading days. Hertz is dumping many Tesla EVs, citing weak demand and high collision costs.

Investors Business Daily

Hertz to sell 20,000 EVs, buy gas-powered vehicles amid rental-demand slump

Rising repair costs, falling prices and a slump in demand are hammering the value of Hertz's global EV fleet.

The Street

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Hertz to Sell 20,000 US Fleet EVs in Groundbreaking Move

Hertz plans to sell 20,000 electric vehicles from its US fleet, leading the way in promoting sustainable transportation options and reducing carbon emissions.

Top News

Hertz takes heat for bizarre actions affecting rental car drivers

A number of episodes cause concern.

The Street

Seven Rental Car Fees to Avoid

Rental car fees add up. You could pay double the daily rate unless you just say no at the counter.

Kiplinger

Rental Company Sixt Phases Out Tesla EVs From Fleet

Rental car company Sixt cuts Tesla EVs from its fleet, citing repair costs and reduced residual value.

InsideEVs

Enterprise no longer wants to be known for just car rentals

Enterprise is expanding beyond car rentals and diversifying its fleet and service offerings.

Fortune

Hertz’s Plan To Reduce EV Fleet Puts Tesla’s Rental Promotion At Odds

Tesla and Elon Musk promote renting through Hertz while Hertz looks to scale back its EV fleet

Zenger

Hertz And EVgo Introduce Special Charging Rates For EV Renters

Hertz and EVgo announced a joint promotion to offer one year of special charging rates to drivers renting any EV model at a Hertz location across the country.

InsideEVs

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Fortune

Elon Musk’s affordability problem—Tesla is fast running out of early adopters

“We’re just hitting a ‘law of large numbers’ situation here,” Musk admitted recently.

The Street

Beware this sneaky new travel fee Biden won't like

While President Joe Biden seeks to eliminate junk fees, some companies are finding new ways to add them.

InsideEVs

Hertz Slows Down EV Plans As Tesla Price Cuts, Repair Costs Affect Profits

Hertz currently has around 50,000 EVs in its fleet, of which 35,000 are Teslas – far below the original target of 100,000 units announced two years ago.

The Street

Electric vehicle market facing challenges in its efforts to grow

While the electric vehicle sector has been taking some serious hits lately, one analyst believes EVs are in for the long haul.

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Fortune

Hertz helped turn Tesla into a trillion dollar mega-cap stock—now it's become collateral damage in Elon Musk’s price wars

The rental agency catapulted Tesla into the mega-cap space, but heavy repair costs and salvage write downs on its EV fleet caused Q3 profit margins to nearly halve.

Autosport

Button’s options for WEC could include joining Vettel next year

One of his choices is understood to be racing a second Jota Porsche 963 in WEC competition in 2024, with Sebastian Vettel and Robert Kubica also in the frame for drives at the Hertz-backed team.

The Canberra Times

'Where are the drugs?': 'Doggie' accused of car wash machete attack

'The machete came flying at the window', the alleged victim said.

The Guardian - UK

What was it like to be a globetrotting executive in 1971?

A cartoon strip looks at the emergence of the executive class – with Hertz rentals, Scotch whisky and grey faces

Barchart

HTZ Stock: Navigating the Crossroads of Revenge Travel and Market Volatility

Amid market uncertainties and the allure of revenge travel, Hertz options trading offers a nuanced glimpse into the stock's potential trajectory.

The Guardian - UK

Holiday Autos scuppered my airport car hire: it’s time for a refund

It failed to pass on my flight number, so Hertz’s office had closed – and I had to rent the last car on a competitor’s lot

InsideEVs

Hertz's Model 3 And Model Y Rentals Now Allow Full Tesla App Access

This enables Hertz clients to use the phone as a key, remotely precondition the cabin, track the charging status, and even transfer their user profile settings.

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