Hertz Hits Brakes on EVs: Sells 20,000 Vehicles, Citing High Repair Costs
Hertz Global Holdings (HTZ.O) is revving its engines in reverse, putting the brakes on its electric vehicle (EV) ambitions. The rental giant plans to sell a whopping 20,000 EVs from its U.S. fleet, citing inflated repair costs for the decision. Investors aren’t happy, sending Hertz shares skidding as much as 9% before the market even […]