In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
Hertz's Q3 earnings are a 7% increase from the same time last year.
Hertz Global Holdings’ monthly net per unit vehicle depreciation expense decreased 13% to $302 for its U.S. operations, during its first quarter of 2018.
Given the scope of Hurricanes Harvey and Irma, news about the natural disaster and the effect that it had on the used car market held several top spots on the list of top articles of the year.
For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.
For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.
Hertz Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.
Mark Cangialosi, director, fleet procurement for The Hertz Corporation, is a new member of IARA, and he sits on the association's board of directors. But IARA is not new to Hertz. Cangialosi worked with IARA on Hertz's Second Key initiative.
For the first quarter 2017, Hertz Global Holdings Inc. reported declines in revenue and earnings. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016.
Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.
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