Hertz (HTZ) to sell one third of EV fleet, seen as a 'clearing' event
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Hertz Global (HTZ) to sell approximately 20,000 electric vehicles from its U.S. fleet
January 11, 2024 7:35 AM EST(Updated - January 11, 2024 7:37 AM EST)
Hertz Global (NASDAQ: HTZ) disclosed:
Hertz Global Holdings, Inc. (the Company or Hertz) has made the strategic decision to sell approximately 20,000 electric vehicles (EVs) from its U.S. fleet, or about one-third of the global EV fleet. These vehicle dispositions, which were initiated in December 2023 and are expected to take place in an orderly fashion over the course of 2024, will cover multiple makes and models.EVs held for sale will remain eligible for rental within the Companys fleet during the sales process. The Company expects to... More
