Hertz loss widens beyond expectations due to EV price cuts
The EV strategy is backfiring for rental company Hertz, as lossens have soared beyond analysts’ expectations. /Hertz
Hertz reported a staggering €1.2 billion net loss in the third quarter, driven mainly by the write-down on its fleet of electric vehicles (€0.9 billion). The results, which fell significantly short of analyst expectations, highlighted the mounting challenges of the ambitious shift towards electr
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