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The Latest Breaking News from Hertz

Hertz Teases New Shelby GT500 Rental Car Ahead Of May 10 Debut

It looks like the black-and-gold coupe is back.

Motor1

Hertz Chief Sees Business Travel Recovery Choking Already Strained Used Car Supply: CNBC

Hertz Global Holdings, Inc (NASDAQ:HTZ) chief Stephen Scherr saw a recovery in business travel and possibly choking the already packed supplies of rental cars, CNBC’s Jim Cramer reports. However, the rebound of business travel is still in its early stages compared to leisure travel, Scherr said. He saw the in-bound visitor from…

Benzinga

Elon Musk net worth: How many companies does he have and what are their plans?

Elon Musk recently offered to buy Twitter for an eye-watering $43.4 billion (£33.2 billion). If successful, it will be another mega-company added to his ever-growing list, but how many does he own and what is his net worth?

Daily Mirror

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Market Rally Falters As Hawkish Fed Slams Techs; Musk Buys Twitter Stake, Holds Tesla 'Rodeo': Weekly Review

A hawkish Fed sent the market rally to "under pressure." Elon Musk bought a big Twitter stake and held a Tesla Austin grand opening "rodeo."

Investors Business Daily

Tesla, BYD, Hertz And More: Top EV News Apr 8, 2022

With each new week of 2022, it seems the EV news just grows and becomes more compelling. Check out the latest stories to share with family and friends.

InsideEVs

Hertz CEO Admits False Arrests Over Rented Cars Have Happened

He has confidence that the company will reach a settlement with customers.

Motor1

Hertz Agrees to Buy 65,000 Electric Vehicles From Polestar

Hertz Global Holdings Inc. agreed on Mondayh to purchase up to 65,000 electric vehicles over five years from the Swedish auto maker Polestar, part of the rental-car company's goal of expanding its plug-in offerings.

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Hertz Signs Deal To Buy 65,000 Polestar EVs For Its Fleet

Hertz will initially order Polestar 2 EVs, but did not say if the entire order of 65,000 vehicles will also include other upcoming models from the Swedish firm.

InsideEVs

Hertz Buying 65,000 Polestar EVs For Its Rental And Retail Fleet

Supporting the goal of becoming the largest EV rental fleet in North America.

Motor1

Tesla Stock Races Ahead On Strong Deliveries; Startup Rival Polestar Partners With Hertz

Tesla reported strong Q1 deliveries. CEO Musk took a 9% stake in Twitter. Rival Polestar partnered with Hertz. Tesla stock rose.

Investors Business Daily

Why Gores Guggenheim Shares Are Rising Today

Gores Guggenheim Inc (NASDAQ: GGPI) shares are trading higher Monday after Polestar announced an agreement with Hertz Global Holdings Inc (NASDAQ: HTZ).

Benzinga

How to save on car hire – and avoid getting ripped off

From just saying ‘no’ to the hard sell, to taking photographic evidence of every possible scratch or blemish

The Guardian - UK

Tesla Model Y Joins Model 3 In Hertz's EV Rental Fleet

Hertz has added the Tesla Model Y to its website's electric vehicle page and judging by the listed specifications, the vehicles are in Long Range AWD trim.

InsideEVs

Tesla's More-Expensive Model Y Finds Its Way To Car Rental Firm Hertz's Fleet

Hertz Global Holdings Inc (NASDAQ: HTZ) has started adding Tesla Inc’s (NASDAQ: TSLA) mid-size sports utility vehicle Model Y to its fleet, the car rental firm&rsquo

Benzinga

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The Independent UK

Hundreds of Hertz customers say they were accused of bogus theft claims after renting cars – some were even arrested

The troubled car rental giant is facing a lawsuit from 232 people who claim they were falsely accused of stealing vehicles, Io Dodds reports

Los Angeles Times

Michael Hiltzik: Renting a car from Hertz? You could wind up in jail

Tederhi Usude, a dentist from Santa Clarita, California, rented a car from Hertz in June 2020 to drive to a job at a nonprofit health clinic in rural Mendocino County. He extended the rental several times with Hertz's permission and paid a total of $7,000.

Benzinga

Rental Car Companies Mull Electrification: Reuters

The rental car industry, after a stellar performance boosted by the pandemic, is poised to embrace electrification, Reuters reported. Asian automakers could enter the electric transition, dominated by companies in the west, mainly in the U.S. and Europe. The report quoted Olivier Baldassari, group chief countries, and operations officer at rental…

The Guardian - UK

A car rental company has banned my wife – but compared with some Hertz customers she may have got off lightly

The firm is being sued by hundreds of clients who allege it made false theft reports against them. Hertz has denied it – but could it be another Post Office scandal?

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Motor1

230 Hertz Customers Allege False Arrest Over Rentals Reported Stolen

A recent court ruling revealed that Hertz files an average of 3,365 stolen vehicle reports a year.

Benzinga

What's Going On With Hertz Shares Today?

Hertz Global Holdings Inc (NASDAQ: HTZ) is trading higher Thursday after the company reported fourth-quarter financial results. The stock initially traded lower, but reversed following positive analyst coverage.

InsideEVs

Hertz Invests In UFODRIVE, A Self-Service EV Rental App

Hertz has invested in an Irish-led EV rental app that enables users to simply "arrive and drive" with no human interaction.

The Guardian - UK

Hertz drove up my Costa del Sol car rental bill by £339

Staff insisted the policy I already had was invalid and I needed its ‘SuperCover’

Benzinga

Tesla Customer Hertz Backs EV Car Rental Startup Ufodrive In $19M Funding Round

Car rental firm Hertz Global Holdings Inc (NASDAQ: HTZ) is a leading investor in Europe’s online, all-electric car rental startup Ufodrive.

Tribune News Service

Hertz accuses thousands of car renters of theft, court papers show

Hertz Corp., facing lawsuits from hundreds of car renters who say they were falsely arrested for auto theft, files thousands of related criminal complaints each year against customers, according to claims in newly released court documents.

StockNews.com

Is Hertz a Buy Under $20?

The shares of car rental company Hertz Global (HTZ) experienced a significant price rebound after being hard hit by pandemic-induced headwinds. But although the company has experienced surging consumer demand due to easing travel restrictions, its shares have plunged nearly 38% in price over the past three months. So, is…

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