BEAMSTART Logo

After Selling 30,000 EVS, Hertz Is Now Chasing Fleet Rotation To Reduce Losses

Benzinga LogoBenzinga1w ago

After Selling 30,000 EVS, Hertz Is Now Chasing Fleet Rotation To Reduce Losses - Benzinga

Quick Summary:

What Happened: Fleet rotation is now “well underway,” West said.“…as of year-end 2024, over 60% of our fleet was comprised of vehicles 1-year-old or less, and we remain on track to substantially complete our fleet rotation by year-end 2025,” West said during the company’s fourth-quarter earnings call.

Car rental firm Hertz Technologies (NASDAQ:HTZ) CEO Wayne West said on Thursday that it has removed 30,000 EVs from its fleet as planned last year and is planning further fleet revamp.

The aim, he said, is to achieve depreciation per unit per month of less than $300, down from the $539 reported for the twelve months through December end.The ...

More Pictures

After Selling 30,000 EVS, Hertz Is Now Chasing Fleet Rotation To Reduce Losses - Benzinga (Picture 1)

or

Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 10:15:29 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26141686

View Article Analysis

About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 7 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "After Selling 30,000 EVS, Hertz Is Now Chasing Fleet Rotation To Reduce Losses" has 384 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "After Selling 30,000 EVS, Hertz Is Now Chasing Fleet Rotation To Reduce Losses" was covered 1 weeks ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 7 news stories per day.

It's most recent story was published 11 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26141686
  • URL: https://chronographically.beamstart.com/news/after-selling-30000-evs-hertz-17395284463864

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.