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The Latest Breaking News from Hertz

Hertz will pay $168 million to customers it falsely accused of stealing its cars

Faulty recordkeeping and failure to rescind police reports led to more than 360 false accusations by the rental car company, resulting in arrests, felony charges and jail time for some customers.

WEKU

Reports: Ford SUV possible cause of fire that damaged Secret Service rentals in Nantucket

Authorities are investigating whether a Ford Expedition was the cause of a multi-vehicle fire that destroyed rental vehicles that the Secret Service used during President Joe Biden's Thanksgiving visit to Nantucket, according to media reports.

Tribune News Service

Everything we know about Biden’s rental cars bursting into flames at Nantucket

Hours after the Secret Service returned a vehicle used during Joe Biden’s Thanksgiving vacation at Nantucket, it apparently burst into flames. Conspiracy theories quickly spread online.

The Independent UK

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Biden rental car that burst into flames at Nantucket Airport was subject to safety review

Fire investigators are focused on a Ford Expedition SUV that the carmaker warned in May could be dangerous

The Independent UK

BP Pulse To Build Gigahub Fast Charging Network For Ride-Hail Fleets

BP Pulse announced that it plans to build in the US a series of large, EV fast-charging hubs designed to serve ride-hail and taxi fleets.

InsideEVs

Grandfather charged after leaving toddler in rental car dropped off at Florida airport

The employees who alerted sheriff’s deputies of the child will get citizens awards

The Independent UK

Hertz And BP Pulse Team Up To Build EV Charging Network In The US

Installed at Hertz locations across North America, the chargers will serve Hertz customers, including taxi and ride sharing drivers, and the general public.

InsideEVs

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Hertz Seeing "Very, Very Solid" Demand For Tesla EVs, CEO Reveals

Hertz's CEO also points out that Tesla EVs have contributed to some substantial savings for the company in maintenance costs.

InsideEVs

Tesla May See Explosion Of End-Of-Quarter Deliveries From Fleet Sales

Tesla has fleet orders from Hertz, Autonomy, and others to fill. According to inside sources, the automaker plans to fill some of those orders at the end of Q3.

InsideEVs

Is iPhone Demand Really Slowing Down?, Lyft Freezes Hiring, Biogen's New Drug Slows Alzheimer's Progression: Top Financial Media Stories Wednesday, Sept. 28

Bloomberg

Benzinga

BMW's Range, Kia USA, Uber And Hertz EVs: Top EV News Sept 23, 2022

The floodgates are open when it comes to EV news, and it's likely hard for fans to keep up with it. Here's a recap of some interesting stories from the week.

InsideEVs

Hertz to order up to 175K EVs from GM to meet EV fleet goals

The Hertz Corp. is planning to order up to 175,000 electric vehicles from General Motors Co. over the next five years for its rental fleet, the companies said Tuesday.

Tribune News Service

General Motors To Supply 175,000 EVs To Hertz Through 2027

Hertz said the order includes a wide range of vehicle categories and price points, from compact and midsize SUVs to pickups, luxury vehicles and delivery vans.

InsideEVs

Hertz to order up to 175K GM electric vehicles over 5 years

Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop electric vehicles from General Motors over the next five years

The Independent UK

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Bangkok Post

Look before you buy: Hertz offers EV rentals

Those who want to have an EV experience without having to purchase one can simple rent one from Hertz.

The Independent UK

Car rental tips: How to get the best deal and avoid rip-offs when driving abroad

Your ultimate guide to hiring a vehicle without scams and shocks

Axios

Uber has to teach people how to open Tesla doors

Hailing a Tesla is easy. Getting in is the hard part

Chronicle Live

Meet the young entrepreneurs opening Newcastle's biggest film studio shooting music videos on Quayside

Caviar Studios are turning former Hertz garage on Forth Banks into a major film and photography studio

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InsideEVs

Polestar More Than Doubled EV Sales In H1 2022

Polestar announced that its car sales increased in the first half of 2022 by almost 125% to 21,200, compared to 9,510 a year ago.

Benzinga

Barclays Cuts Price Target For Avis Budget & Hertz Global - Read Why

Barclays analyst Brian Johnson lowered the price target for Avis Budget Group Inc (NASDAQ:CAR) to $158 (1.7% upside) from $223 while maintaining the Equal Weight rating on the shares. The analyst reduced the price target on Hertz Global Holdings Inc (NASDAQ:HTZ) to $21 (28% upside) from $23 while maintaining the Over Weight rating on the shares. Johnson points out…

Autosport

Jota confident of challenging factory Porsche with customer LMDh car

The British Jota team is confident it can challenge the Penske factory Porsches when it goes up against them with its customer 963 in the World Endurance Championship next season.

Motorsport

JOTA confident of challenging factory Porsche with customer LMDh

The JOTA team is confident it can challenge the Penske factory Porsches when it goes up against them with its customer 963 in the FIA World Endurance Championship next season.

InsideEVs

Tesla And Hertz Help Uber Drivers Save Money With 15K EV Rentals

Some 15,000 Uber rideshare drivers in cities across the US have rented Tesla's EVs through Hertz. It seems they're happy with the vehicles and the savings.

Motorsport

JOTA to field customer Porsche LMDh in 2023 WEC season

Multiple Le Mans 24 Hours class winner JOTA will field a customer Porsche 963 LMDh in the 2023 FIA World Endurance Championship season.

Autosport

Top LMP2 squad Jota to run customer Porsche 963 LMDh in 2023 WEC

Multiple Le Mans 24 Hours class winner Jota will field a new Porsche 963 LMDh in next year’s World Endurance Championship.

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