Hertz Global Holdings Inc.’s rental fleet has less than half the number of Tesla cars it planned to order in 2022, its regulatory filing showed on Tuesday. Hertz’s fleet in the Americas peaked at 428,700 vehicles for the year ended Dec. 31, 2022, of which 11 percent were Tesla cars, the filing showed. The company…
US Agency Investigating If Hertz Rented Unrepaired Recalled Vehicles
WASHINGTON -U.S. auto safety regulators said on Tuesday they are investigating if Hertz rented unrepaired recalled vehicles to customers. The National Highway Traffic Safety Administration (NHTSA) said in a filing made public on Tuesday it was in receipt of information that indicates “Hertz rented vehicles to customers without having performed required recall repairs”. NHTSA said…
Hertz to Pay $168 Million in Settlements Over False Robbery Claims, Which Led to Jailing of Customers
Hertz, the rental car company, has agreed to pay $168 million to settle multiple claims in the United States over false car robbery charges against some of its customers, which led to imprisonment in many cases. Customers of the rental car company alleged that they were pulled over, arrested, thrown in prison, and falsely charged…
GM, Hertz Make Deal to Deploy up to 175,000 EVs
Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co. electric vehicles over the next five years, its latest move toward zero-emission models. The multi-billion dollar, multi-year deal could be the first of many GM agreements to supply electric vehicles to rental car companies, said Steve Carlisle, the automaker’s North…
Hertz to Buy up to 65,000 Electric Vehicles From Polestar
April 5, 2022
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WASHINGTON—Rental car firm Hertz Global Holdings said on Monday it would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar, the latest move by the rental car firm to add zero-emission models. Hertz said Polestar cars would be available beginning this spring in Europe and later in 2022 in North…
Hertz Wheels In Ex-Goldman Sachs CFO as Top Boss, Shares Jump
Hertz Global Holdings on Friday named former Goldman Sachs finance chief Stephen Scherr as its top boss, replacing interim CEO Mark Fields, sending shares of the car rental firm up 4 percent before the bell. Scherr will assume his new role as CEO and a board member on Feb. 28, Hertz said in a statement,…
EV Week in Review: Tesla Prevails Despite Hertz Deal Haziness, Nio Investors Take Setback in Their Stride, Volkswagen’s Diess Calls for ‘Revolution’ to Take on Competition
Most electric vehicle (EV) stocks advanced in the week ending Nov. 5 amid sector wide optimism. EV market leader Tesla Inc. started the week on a tentative note but picked up momentum over the course of the week. Here are the key events that happened in the EV space during the week: Tesla’s Hertz Deal…
Musk Says Tesla Has Not Signed a Contract With Hertz Yet, Halts Stock Rally
November 2, 2021
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Tesla Inc. top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company. Tesla’s shares fell 5 percent to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever…
Uber Partners With Hertz to Offer 50,000 Tesla Rentals to US Ride-Hail Drivers
October 27, 2021
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Uber Technologies Inc. on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc. vehicles as a rental option to its ride-hail drivers by 2023. Uber drivers can rent a Tesla through Hertz starting on Nov. 1 in Los Angeles, San Francisco, San Diego, and Washington DC,…
Tesla’s Market Value Tops $1 Trillion After Hertz Orders 100,000 Cars
DETROIT—Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology. The news of the deal triggered a rally in Tesla’s stock, driving the carmaker’s market value over the $1 trillion mark…
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