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The Latest Breaking News from Stephen Scherr

Who could succeed David Solomon as Goldman Sachs' CEO?

The Goldman Sachs CEO succession race isn't over until it's over, but there appears to be a clear frontrunner. Here's who is seen as a contender to follow David Solomon.

Fortune

Bottom 100 Stocks to Buy: Is Hertz Global Holdings Ready for a Second Trip to Chapter 11?

Hertz Global Holdings jumped onto the Barchart Bottom 100 Stocks to Buy in Monday, trading in the 72nd position. Down 66% year-to-date, is the car rental company ready for Chapter 11? Or is it a value play? Here’s a look at both arguments.

Barchart

Hertz’s Plan To Reduce EV Fleet Puts Tesla’s Rental Promotion At Odds

Tesla and Elon Musk promote renting through Hertz while Hertz looks to scale back its EV fleet

Zenger

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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

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

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

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

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Yes, Puerto Rican licenses are valid in the U.S., Hertz reminds its employees

A Puerto Rican man was denied a car rental at a Hertz location at the New Orleans airport where employees apparently believed his driver's license was from outside the U.S. Hertz has since apologized.

WEKU

Hertz Added EV Rentals And Went From Bankruptcy To Huge Profits

You may be thinking the profits are due to people loving EVs, but the bigger point here is Hertz learned EVs are 50-60% cheaper to maintain than gas cars.

InsideEVs

Hertz To Pay $168M In Settlement For False Customer Arrests

The settlement will resolve 95 percent of claims from owners who alleged the car rental giant filed wrongful theft reports.

Motor1

Hertz will pay $168 million to customers it falsely accused of stealing its cars

Faulty recordkeeping and failure to rescind police reports led to more than 360 false accusations by the rental car company, resulting in arrests, felony charges and jail time for some customers.

WEKU

Hertz Seeing "Very, Very Solid" Demand For Tesla EVs, CEO Reveals

Hertz's CEO also points out that Tesla EVs have contributed to some substantial savings for the company in maintenance costs.

InsideEVs

Hertz Announces New $2B Buyback: What Investors Need To Know

Shares of vehicle rental service company Hertz Global Holdings Inc (NASDAQ: HTZ) are moving higher Wednesday after the company announced a buyback.

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, April 29

CNBC

Benzinga

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Benzinga

Hertz Chief Sees Business Travel Recovery Choking Already Strained Used Car Supply: CNBC

Hertz Global Holdings, Inc (NASDAQ:HTZ) chief Stephen Scherr saw a recovery in business travel and possibly choking the already packed supplies of rental cars, CNBC’s Jim Cramer reports. However, the rebound of business travel is still in its early stages compared to leisure travel, Scherr said. He saw the in-bound visitor from…

Motor1

Hertz CEO Admits False Arrests Over Rented Cars Have Happened

He has confidence that the company will reach a settlement with customers.

Bangkok Post

Hertz Agrees to Buy 65,000 Electric Vehicles From Polestar

Hertz Global Holdings Inc. agreed on Mondayh to purchase up to 65,000 electric vehicles over five years from the Swedish auto maker Polestar, part of the rental-car company's goal of expanding its plug-in offerings.

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