Hertz, which has made a big push into electric vehicles in recent years, has decided it's time to cut back. The company will sell off a third of its electric fleet, totaling roughly 20,000 vehicles, ...

The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been in Tesla sales mode, with 20,000 electric ...

Just over two years after announcing plans to purchase 100,000 Teslas and another 65,000 electric cars from Polestar for its rental fleets, Hertz is planning to sell off 20,000 of its EVs, according ...

Hertz purchased 100,000 Teslas in 2021 and has since course-corrected after taking half a billion dollars in write-downs and ...

Hertz, perhaps the best-known rental car company in the world, has filed for bankruptcy protection. Due to the global COVID-19 pandemic and the resulting drop off in business and leisure travel, the ...

UPDATE: Hertz officially filed for bankruptcy on Friday, May 22. The 102-year old rental giant made the filing after being unable to secure some $400 million to pay holders of its asset-backed ...

Car Rental Service Hertz Global Holdings Inc HTZ reflected on Tesla’s impact on its business during the company’s third-quarter earnings call this week. What Happened: Electric vehicles bear a higher ...

LOS ANGELES (KABC) -- In its famously clever advertising decades ago, their slogan was "Let Hertz put you in the driver's seat." Today, Hertz would like to put you in the driver's seat...of an ...