Hertz Global (HTZ) to sell approximately 20,000 electric vehicles from its U.S. fleet
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Hertz (HTZ) to sell one third of EV fleet, seen as a 'clearing' event
January 11, 2024 8:58 AM EST(Updated - January 11, 2024 10:01 AM EST)
Car rental company, Hertz (NASDAQ: HTZ) revealed Thursday that they have decided to sell approximately 20,000 electric vehicles from its U.S. fleet, one-third of the global EV fleet.
The process began in December 2023 and is anticipated to unfold systematically throughout the entirety of 2024.
EVs designated for sale will continue to be available for rental within the Company's fleet throughout the sales process. The Company plans to reinvest a portion of the proceeds generated from EV sales into acquiring internal combustion engine vehicles to fulfill customer... More
