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Hertz CEO Resigns After Blowing Big Gamble on EVs
Western Journal ^ | 17 March 2024 | Adelle Nazarian

Posted on 03/18/2024 4:02:50 AM PDT by Sam77

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To: butlerweave
When you return the EV and it’s not fully charged do they make you wait around until it’s charged and charge you for the extra time

There is a recharging fee. It has been a while since I looked but it ranges from $35 to $50 depending on the rental company..

41 posted on 03/18/2024 6:37:50 AM PDT by EVO X ( )
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To: Sam77

You also have to recognize that even a minor fender bender can total the car if the battery is damaged. I’m sure that caused their insurance premiums to skyrocket. Also, these cars have little resale value.


42 posted on 03/18/2024 6:54:26 AM PDT by circlecity
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To: Sam77
Stephen Scherr, chief executive officer of Hertz Global Holdings Inc. ... will step down on March 31, following the car rental companylargest quarterly loss since 2020 after a risky bet on electric vehicles.

He'll probably get a nice, fat environmental wacko do-nothing job in the Biden Administration.

43 posted on 03/18/2024 7:21:57 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: bgill

The truth is this was Bud Light level stupidity. Hertz was on life support and these fools spent billions on a fleet of cars nobody wanted. Now they will get screwed twice because it’s easier to sell an 8 Track player than a used EV.


44 posted on 03/18/2024 7:27:39 AM PDT by iamgalt
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To: Sam77

The bird seed company?


45 posted on 03/18/2024 7:47:08 AM PDT by Lisbon1940 (I don’t see why they would)
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To: Sam77
So he is being replaced with a guy that has worked with GM and Delta? Are these guys all in a club, because they don't seem to look for a mover and a shaker? If the company is an appliance company, find an engineer to run it. If you are a car rental company, find a car guy or a rental guy.

It has been my limited experience that if you want success in an area, hire a guy that is focused on the product and experience in that area. They are few, are quirky (sometimes hard to work with) and have to be paid more , but they exist.

46 posted on 03/18/2024 8:02:34 AM PDT by fini
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To: alloysteel
Where is the electricity going to be coming from?

AOC: You silly conservatives - electricity comes from the wall outlet!

47 posted on 03/18/2024 8:18:40 AM PDT by newfreep ("There is no race problem...just a problem race")
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To: Sam77

Who wants to travel to an unfamiliar place to rent a car and suffer the anxiety of having to find a place to charge up, as well as wondering how far that charge will get them, especially in cold weather?


48 posted on 03/18/2024 9:24:29 AM PDT by Amish with an attitude
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To: fini

This guy worked his way up in the auto business.

https://podcasts.apple.com/us/podcast/jared-kalfus-steering-the-future-of-automotive-data/id1714270511?i=1000633107802

Join Ray Shefska on a riveting journey into the heart of automotive data and analytics with Jared Kalfus, the dynamic President of Black Book. From his early days at Enterprise Rent a Car to spearheading innovative projects at CarsDirect.com and Manheim, Jared’s ascent in the automotive world is a testament to his passion and expertise.


49 posted on 03/18/2024 10:01:43 AM PDT by EVO X ( )
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