Hertz Global Holdings Inc. is a leading global car rental company dedicated to providing exceptional mobility solutions to customers worldwide. The company's mission is to deliver outstanding customer service while offering a diverse fleet of vehicles that meet various travel needs. Hertz employs a strategy focused on innovation and technology, enhancing the rental experience through digital platforms and streamlined operations. With a commitment to sustainability, Hertz is also expanding its electric vehicle offerings, aiming to lead the industry in environmentally friendly transportation solutions.

HERTZ GLOBAL HOLDINGS INC

Hertz Global Holdings Inc. is currently navigating a challenging period, exacerbated by significant financial losses and a strategic pivot away from electric vehicles (EVs). In early February 2025, the company revealed that it had sold 30,000 EVs, primarily Tesla models, due to low customer demand and high maintenance costs. This...

Hertz Faces $2.9 Billion Loss and Stock Plunge After Selling 30,000 Electric Vehicles Amid Maintenance and Demand Challenges

Hertz is grappling with a staggering $2.9 billion loss after selling 30,000 electric vehicles, revealing the challenges of aligning fleet strategy with consumer demand. Can the new CEO's focus on cost reduction and operational efficiency turn the tide for this iconic rental giant?