Hertz Global eyes worst day on record as EV rental business falters – ET Auto
Baua Electric
APRIL 25, 2024
The Estero , Florida-based company said it took a USD 588 million hit in vehicle depreciation costs during the quarter, of which USD 195 million was related to EVs held for sale. Higher repair costs also weighed on the company’s overall fleet maintenance expenses. Excluding items, Hertz reported a loss of USD 1.28
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