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The Latest Breaking News from Hertz

Former American footballer and actor who was acquitted of the murder of his former wife, Nicole Brown, and her companion, Ron Goldman, in the 1995 ‘trial of the century’

The Guardian - UK

Brickbat: Passing the Buck

The New York City government is refusing to reimburse Adam and Elizabeth Rizer for the loss of their car, which was totaled during a police chase. An officer was pursuing a suspected stolen vehicle when the officer's vehicle, with its lights flashing, T-boned a Hertz rental car in an intersection.…

Reason

EVs won over early adopters, but mainstream buyers aren't along for the ride yet

Sales of electric vehicles were increasing rapidly ... until they weren't. The auto industry is still looking ahead toward an EV future, but worries that moving too fast would hurt the bottom line.

WEKU

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Hertz Still Hurts From EV Investment, Backtracks On Polestar Buying

Today on Critical Materials: Hertz to halt Polestar purchase, Pete Buttigieg is angry people are abusing Apple's new AR headset, and Aptera deliveries imminent.

InsideEVs

So You Want To Buy One Of Hertz’s Cheap Used Teslas. Should You?

Here, we examine a less-than-perfect example to learn what a consumer might be in for with a used one.

InsideEVs

Hertz's EV Sale Raises Cost Concerns, Dampens Used Car Market

This analysis delves into Hertz's sale of electric cars, examining the potential cost concerns and impact on the used-car market.

Top News

Ilott won't rule out IndyCar return in future after WEC switch

Speaking at the Autosport International Show on Saturday, Ilott revealed that he had expected to stay in IndyCar with Juncos Hollinger until "circumstances changed" and he found himself searching for a new drive. The Briton landed on his feet, in a deal he called "a great surprise", to drive Jota's #12 Porsche…

Autosport

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Hertz to sell 20,000 electric cars due to depreciation

Hertz's decision to sell off 20,000 electric vehicles highlights the challenges faced by the Biden administration's push for EV adoption.

Top News

Ilott: "Great surprise" to land Jota WEC drive after IndyCar exit

The Briton will join Norman Nato and Will Stevens in Jota's #12 Porsche 963 as the Hertz-backed operation expands to two Hypercar entries. Jenson Button, the 2009 Formula 1 world champion, will join the #38 crew alongside Phil Hanson and Oliver Rasmussen.

Motorsport

Hertz to sell 20,000 electric cars, shifts focus to gas vehicles

Discover the reality behind Hertz's decision to sell 20,000 electric cars and reinvest in gas vehicles. Explore the challenges and limitations of the EV in...

Top News

Stock Market Rally Rebounds; Nvidia, Tesla, JPMorgan, Bitcoin ETFs In Focus: Weekly Review

The stock market rally rebounded this week with Nvidia leading the charge. Bitcoin ETFs launched, while Tesla fell on news.

Investors Business Daily

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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Motor1

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.

Investors Business Daily

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.

Top News

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.

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Kiplinger

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.

InsideEVs

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.

Fortune

Enterprise no longer wants to be known for just car rentals

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

Zenger

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

InsideEVs

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.

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.

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.

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Antonio Felix da Costa

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