The Latest Breaking News from Hertz

Hertz Slows Down EV Plans As Tesla Price Cuts, Repair Costs Affect Profits

Hertz currently has around 50,000 EVs in its fleet, of which 35,000 are Teslas – far below the original target of 100,000 units announced two years ago.

InsideEVs · Oct 30, 2023

Hertz helped turn Tesla into a trillion dollar mega-cap stock—now it's become collateral damage in Elon Musk’s price wars

The rental agency catapulted Tesla into the mega-cap space, but heavy repair costs and salvage write downs on its EV fleet caused Q3 profit margins to nearly halve.

Fortune · Oct 27, 2023

Button’s options for WEC could include joining Vettel next year

One of his choices is understood to be racing a second Jota Porsche 963 in WEC competition in 2024, with Sebastian Vettel and Robert Kubica also in the frame for drives at the Hertz-backed team.

Autosport · Oct 13, 2023

Hertz's Model 3 And Model Y Rentals Now Allow Full Tesla App Access

This enables Hertz clients to use the phone as a key, remotely precondition the cabin, track the charging status, and even transfer their user profile settings.

InsideEVs · Sep 19, 2023

5 Aussie Landmarks To Check Out On Your Next Road Trip That You’ve Probably Never Heard Of

Check out all these landmarks, all from the comfort of your EV.

Pedestrian.tv · Sep 5, 2023

Seventh Circuit Upholds Products Liability Claim Against Specialized Ammunition Manufacturer

From Hakim v. Safariland, Inc., decided Monday in an opinion by Judge John Lee, joined by Chief Judge Diane Sykes and Judge Joel Flaum: David Hakim, a SWAT officer …, accidentally got shot by a colleague during a training exercise. The offending projectile was a "breaching" shotgun round manufactured by…

Reason · Aug 24, 2023

Hertz To Add Cadillac Lyriq And Chevrolet Silverado EV To Fleet Soon

A video featuring Hertz CEO Stephen Scherr and GM CEO Mary Barra reveals that the rental company expects to receive the first Silverado EV trucks in 2023-2024.

InsideEVs · Aug 22, 2023

A 39-year old CEO was paid more than Apple’s Tim Cook last year

Kiwi Camara earned $110 million in pay last year as CEO of CS Disco, a legal tech company worth just $500 million.

Fortune · Jul 5, 2023

Tom Brady still has a full plate and plenty of drive after retirement

Tom Brady may be really done playing football now, but his discipline and drive endure

The Independent UK · Jun 9, 2023

Inside Tesla's $4.2 Billion Model 3 Sale To Hertz

Tesla’s sale of 100,000 Model 3s to Hertz has proven to be a brilliant move and a game-changer. The rental company found new success and others are following.

InsideEVs · Jun 1, 2023