Stephen Scherr News
19.03 / 14:55
UPS
Google
Tesla
Trade
reports
International
Alphabet, Tesla rise; Hertz, Logitech fall, Monday, 3/18/2024
Stocks that traded heavily or had substantial price changes on Monday: Alphabet, Tesla rise; Hertz, Logitech fall
18.03 / 20:17
COST
CEO
Action
Align
wellness
show
Hertz Q1 results to be more 'challenging' after CEO change, but there's hope: MS
Investing.com — Hertz Global Holdings (OTC:HTZGQ) first-quarter results are likely to be more «challenging» than expected, underscore by the rental car company's recent leadership change as it pivots away from electric vehicles.
15.03 / 21:51
12.01 / 14:55
markets
COST
Action
Strategy
Tesla
Hertz to sell one-third of EV fleet in shift back to gas-powered cars
Hertz Global Holdings Inc. plans to sell a third of its United States electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.
12.01 / 05:19
markets
COST
UPS
Provident
Tesla
Interviews
Hertz will sell electric cars after being burned by Tesla's price cuts
Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said Thursday. The drop in value is a blow to the company's efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric vehicles the company owned were also more likely to be involved in collisions, Hertz said, and they proved costly to repair. The company said it planned to buy more gasoline-powered vehicles to replace the 20,000 battery-powered cars it was selling. «Certain of these EVs became uneconomical for us,» Stephen Scherr, Hertz's chief executive, said in an interview on Thursday.
05.02 / 16:43
Ford
CEO
Ex-Goldman exec to drive top leadership at Hertz
Hertz on 4 February named Stephen Scherr, a former Goldman Sachs executive, as its next chief executive officer.
04.02 / 18:09
Ford
CEO
Ex-Goldman exec to drive top leadership at Hertz
Hertz on 4 February named Stephen Scherr, a former Goldman Sachs executive, as its next chief executive officer.
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