CEO steps down after being hit with expensive EV repairs and low resale prices following purchase of 100,000 Teslas

Business News
0
Please log in or register to do it.


Hertz Global Holdings Inc. is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles that the company began unwinding in recent months.

Stephen Scherr, who ran Hertz for just over two years after three decades at Goldman Sachs Group Inc., has decided to step down, the rental-car company said late Friday in a statement. It’s replacing him with Gil West,…



Your email address will not be published. Required fields are marked *

Newsom postpones State of the State address
Big Mac goes Big Tech, with a few hiccups By Reuters