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Log in or Subscribe<\/a> to a level that has access to archived content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"Hertz reported a staggering \u20ac1.2 billion net loss in the third quarter, driven mainly by the write-down on its fleet of electric vehicles (\u20ac0.9 billion). The results, which fell significantly short of analyst expectations, highlighted the mounting challenges of the ambitious shift towards electrification for rental and leasing companies.Hertz\u2019s losses stem primarily from a sharp […]<\/p>\n","protected":false},"author":715,"featured_media":159288,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[16,77158,8,77151,4],"tags":[],"class_list":["post-159286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-leasing","category-product","category-services","category-top-stories-today"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=1563%2C873&ssl=1",1563,873,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=300%2C168&ssl=1",300,168,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=640%2C357&ssl=1",640,357,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=640%2C358&ssl=1",640,358,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=1536%2C858&ssl=1",1536,858,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=1563%2C873&ssl=1",1563,873,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=18%2C10&ssl=1",18,10,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=560%2C313&ssl=1",560,313,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=1536%2C240&ssl=1",1536,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=1536%2C180&ssl=1",1536,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=1563%2C180&ssl=1",1563,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\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Hertz reported a staggering \u20ac1.2 billion net loss in the third quarter, driven mainly by the write-down on its fleet of electric vehicles (\u20ac0.9 billion). The results, which fell significantly short of analyst expectations, highlighted the mounting challenges of the ambitious shift towards electrification for rental and leasing companies.Hertz\u2019s losses stem primarily from a sharp decline in the resale value of EVs, particularly Tesla models, which have suffered significant price cuts over the past two years. The company\u2019s 2021 order of 100,000 Tesla Model 3s and later Model Ys initially bolstered customer satisfaction. However, Tesla\u2019s price reductions eroded vehicle residual…<\/p>\n","category_list_v2":"Industry<\/a>, Leasing<\/a>, Product<\/a>, Services<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nHertz loss widens beyond expectations due to EV price cuts - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2024\/11\/13\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hertz loss widens beyond expectations due to EV price cuts - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Hertz reported a staggering \u20ac1.2 billion net loss in the third quarter, driven mainly by the write-down on its fleet of electric vehicles (\u20ac0.9 billion). The results, which fell significantly short of analyst expectations, highlighted the mounting challenges of the ambitious shift towards electrification for rental and leasing companies.Hertz\u2019s losses stem primarily from a sharp […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmobility.news\/en\/2024\/11\/13\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\/\" \/>\n<meta property=\"og:site_name\" content=\"newmobility.news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/search\/top\/?q=newmobility.news\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-13T11:10:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/11\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=1563%2C873&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1563\" \/>\n\t<meta property=\"og:image:height\" content=\"873\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Piet Andries\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:site\" content=\"@jorisvry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piet Andries\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/\"},\"author\":{\"name\":\"Piet Andries\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/#\\\/schema\\\/person\\\/a5b306e499388c9ea0a3a4f6704d7081\"},\"headline\":\"Hertz loss widens beyond expectations due to EV price cuts\",\"datePublished\":\"2024-11-13T11:10:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/\"},\"wordCount\":434,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/newmobility.news\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Polestar_begins_delivering_on_65000_electric_vehicle_partnership_with_Hertz.jpg?fit=1563%2C873&ssl=1\",\"articleSection\":[\"Industry\",\"Leasing\",\"Product\",\"Services\",\"Top Stories Today\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/\",\"url\":\"https:\\\/\\\/newmobility.news\\\/2024\\\/11\\\/13\\\/hertz-loss-widens-beyond-expectations-due-to-ev-price-cuts\\\/\",\"name\":\"Hertz loss widens beyond expectations due to EV price cuts - 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