Stephen Scherr

In a bold move aimed at disrupting the car rental industry three years ago, struggling Hertz Global Holdings (NASDAQ:HTZ) placed a massive order for 100,000 Teslas, betting big on electric vehicles (EVs). However, a new report sheds light on the reasons behind the strategy...

Car rental service Hertz Global Holdings Inc (NASDAQ:HTZ) has reportedly decided to pause its planned procurement of Polestar vehicles this year on the heels of its decision to downsize its EV fleet. What Happened: While Polestar has agreed to waive Hertz’s requirement to buy a particular...

Hertz Global Holdings Inc (NASDAQ:HTZ) announced Thursday it planned to cut one-third of its global EV fleet over the year. Following the announcement, Hertz CEO Stephen Scherr suggested the road to electrification could be bumpier than anticipated. What To Know: In a new regulatory filing, Hertz...

EV giant Tesla Inc (NASDAQ:TSLA) and its CEO Elon Musk continue to promote the experience of renting the company’s vehicles through Hertz Global Holdings Inc (NASDAQ:HTZ) as a prime opportunity to test them before making a purchase. There’s just one problem: Hertz is currently looking...

Car Rental Service Hertz Global Holdings Inc (NASDAQ:HTZ) reflected on Tesla’s impact on its business during the company’s third-quarter earnings call this week. What Happened: Electric vehicles bear a higher cost of collision and damage repair as compared to combustion engine vehicles...

Car rental company Hertz Global Holdings (NASDAQ: HTZ) saw shares trade higher Tuesday after reporting quarterly financial results. Here’s what one analyst has to say about the results and how electric vehicles could be helping the company. What Happened: Hertz Global reported fourth quarter...

Shares of vehicle rental service company Hertz Global Holdings Inc (NASDAQ: HTZ) are moving higher Wednesday after the company announced a buyback. What To Know: The Hertz board approved a new $2 billion share repurchase program in addition to the $2 billion buyback that was ...