The Latest Breaking News from Hertz

Hertz will initially order Polestar 2 EVs, but did not say if the entire order of 65,000 vehicles will also include other upcoming models from the Swedish firm.

Supporting the goal of becoming the largest EV rental fleet in North America.

The troubled car rental giant is facing a lawsuit from 232 people who claim they were falsely accused of stealing vehicles, Io Dodds reports

Tederhi Usude, a dentist from Santa Clarita, California, rented a car from Hertz in June 2020 to drive to a job at a nonprofit health clinic in rural Mendocino County. He extended the rental several times with Hertz's permission and paid a total of $7,000.

The rental car industry, after a stellar performance boosted by the pandemic, is poised to embrace electrification, Reuters reported. Asian automakers could enter the electric transition, dominated by companies in the west, mainly in the U.S. and Europe. The report quoted Olivier Baldassari, group chief countries, and operations officer at rental…

The firm is being sued by hundreds of clients who allege it made false theft reports against them. Hertz has denied it – but could it be another Post Office scandal?

A recent court ruling revealed that Hertz files an average of 3,365 stolen vehicle reports a year.

Hertz Global Holdings Inc (NASDAQ: HTZ) is trading higher Thursday after the company reported fourth-quarter financial results. The stock initially traded lower, but reversed following positive analyst coverage. 

Hertz has invested in an Irish-led EV rental app that enables users to simply "arrive and drive" with no human interaction.