Rental car giant Hertz Global Holdings announced Monday it would pay $168 million to settle 364 claims ... believes it will recover some part of the settlement amount from its insurance carriers.
After joining the company in 2022, she reached a $168 million settlement with customers the rental-car giant had falsely accused of stealing cars. Colleen Batcheler, who led Hertz’s legal team ...
Earlier this month, Hertz agreed to pay $168 million to settle claims of filing ... first," chief executive Stephen Scherr said of the settlement. "In resolving these claims, we are holding ...
Hertz said Thursday that the rental car giant's failed investment in an electric vehicle fleet continues to be an expensive mistake, reporting it lost another $195 million last quarter in ...
Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble. In its first quarter earnings report, Hertz said it “upsized” its prior EV fleet drawdown plans by ...
The car rental company took a $195 million charge for the depreciation of an additional 10,000 EVs that Hertz is now holding for sale. While the company met revenue expectations, it is trying to ...
In the quarter, Hertz incurred a $195 million charge related to the reduction in its EV fleet. That in part reflects the sharp drop in the value of the electric vehicles, including Teslas ...
Hertz is hurting. The company was expecting a challenging first quarter, but it got more than it bargained for: It reported a $392 million adjusted net loss on Thursday. Despite increases in ...
Hertz suspends its $500 million stock sale as SEC Chairman Jay Clayton says the agency "has comments" about the car rental giant's proposed stock sale. Hertz (HTZ) reportedly is suspending its ...
When Michale Jordan and Juanita Vanoy (his first wife) split, Jordan was forced to pay a hefty divorce settlement. Vanoy was ...
Former Chrysler CEO Bob Nardelli discusses the administrations EV push, arguing most of the startups are failing. Hertz said Thursday that the rental car giant's failed investment in an electric ...
Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble. In its first quarter earnings report, Hertz said it “upsized” its prior EV fleet drawdown plans by an ...